Are you allowed to take your interest from your bank account and use it for yourself in this country (Britain)?

· 19 Ramadan 1421 AH1 min readFatwa 1747English
Finance and Commerce

Question

The question text was not published separately; the title stands in for it.

Are you allowed to take your interest from your bank account and use it for yourself in this country (Britain)?

Answer

It is permissible to use the interest earned from one bank to offset interest charges of the same back only.

And Allah Ta'ala knows best

Mufti E. Desai

Answered by
Mufti E. Desai
Ask AskImam

Fatawa SA is an independent, read-only index of fatawa already published by Darul Iftaa Mahmudiyyah (AskImam). It is not a fatwa service. For your own situation, ask the issuing Darul Ifta directly.