Mufti Online — Madrasah Ta'leemuddeen

Using interest to offset an interest bearing loan

· 5 Rajab 1439 AH1 min readEnglish

Question

I know that it is haraam to deal with interest, but buying a house today comes with great difficulty and is seen as a need not and not a want. Can one use interest recevied from an investment account to offset the interest paid towards the house?

Answer

A house was always a need, not only in today's times, and we were always told to refrain from interest.

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

Answered by
Mufti Ebrahim Salejee (Isipingo Beach)
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Source: Mufti Online — Madrasah Ta'leemuddeen — https://muftionline.co.za/node/25077
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