Using interest money to offset bank charges
Question
A business bank account was opened with Nedbank. Upon opening the bank account an investment(call) account had to be opened in parallel( for international money transfer ). The investment accounts generates interest. Can the interest be used to offset bank charges?
Answer
It is safer not to use the interest for bank charges.
And Allah Ta'ala (الله تعالى) knows best.
- Answered by
- Mufti Ebrahim Salejee (Isipingo Beach)
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