Mufti Online — Madrasah Ta'leemuddeen

Using interest money to pay exorbitant rates on one's property

· 12 Jumada II 1434 AH1 min readEnglish

Question

Can interest money be used to pay exorbitant rates on your property? Or can they be used to pay high bank charges? Can they also be used to pay tax or toll road charges?

Answer

It is impermissible for one to intentionally accumulate interest money. However if interest money had come in ones possession unintentionally one should dispose of it through giving it to the poor without the intention of reward. Using interest money to pay for bank charges, toll road charges or any valid service is impermissible. According to some Ulama' it is permissible to use interest money for paying the rates of one's property and government taxes.

And Allah Ta'ala (الله تعالى) knows best.

Answered by
Mufti Zakaria Makada
Checked & approved by
Mufti Ebrahim Salejee (Isipingo Beach)
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Questions about this ruling, answered only from the archive with sources.

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Source: Mufti Online — Madrasah Ta'leemuddeen — https://muftionline.co.za/node/2463
Fatawa SA: https://fatawa.co.za/fatwa/muftionline-2463

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