Transactions & Dealings >> Interest & Insurance
Question ID: 156786Country: India
Answer ID: 156786
Bismillah hir-Rahman nir-Rahim !
(Fatwa: 323/233/SN=3/1439)
As it is unlawful and sin to take interest in the same way it is also unlawful and sin to pay it. One shall continue getting sin until one keeps on paying interest. However, you may pay your interest with the amount of your scholarship as you are its owner. When you have paid off the loan then you shall get no sin. However, it is mandatory for you to do taubah and istighfar for this unlawful practice which you committed by taking loan.
Allah (Subhana Wa Ta'ala) knows Best
Darul Ifta,
Darul Uloom Deoband, India