Paying debts with interest money
Question
The bank gives a percentage of interest on money in your savings account. Is it permissible to use this money to pay off debts?
Answer
It is not permissible to pay debts with interest money. However, if you are poor and eligible to receive zakaat, then it will be permissible for you to use the interest money to pay your debts.
And Allah Ta'ala (الله تعالى) knows best.
- Answered by
- Mufti Zakaria Makada
- Checked & approved by
- Mufti Ebrahim Salejee (Isipingo Beach)
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