Using interest money to pay for bank charges or to help someone in overdraft
Question
1. Can I use interest earned on a savings pocket linked to my main account to offset bank charges on the main account?
2. Can I give the interest earned on the savings pocket to a family member who is in an overdraft?
Answer
1. If the bank charges are in lieu of valid services, then you cannot use interest money to pay for it.
2. Yes. However, you should advise him to come out of this curse of interest.
And Allah Ta'ala (الله تعالى) knows best.
- Answered by
- Mufti Zakaria Makada
- Checked & approved by
- Mufti Ebrahim Salejee (Isipingo Beach)
Where scholars differ, it’s safer to take the more cautious view.
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Source: Mufti Online — Madrasah Ta'leemuddeen — https://muftionline.co.za/node/33618
Fatawa SA: https://fatawa.co.za/fatwa/muftionline-33618
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