Using interest to offset an interest bearing loan
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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