Transactions & Dealings >> Interest & Insurance

Question # : 170812

India

Can we use interest to pay bank services and maintenance fees for e.g Minimum Account Balance penalty, ATM charges and Credit card Service fees.

Answer : 170812

Published on: Jun 20, 2019

بسم الله الرحمن الرحيم



(Fatwa: 856/701/SD=09/1440)



 



It is not lawful to use interest money to pay ATM charge, credit service fee etc. one should spend interest money on poor and needy ones without an intention of reward. 




Allah knows Best!


Darul Ifta,
Darul Uloom Deoband

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