Transactions & Dealings >> Interest & Insurance

Question ID: 61397Country: India

Title: Interest and third party car insurance

Question: As you know that third party car insurance is compulsory in India. We cannot drive a car without third party insurance. My salary is credited into saving bank account and I get interest on two occasions in a year on my money stored in the saving account. Can I pay third party insurance premium using the interest money?

Answer ID: 61397Posted on: Sep 1, 2020

Bismillah hir-Rahman nir-Rahim !

(Fatwa: 58/58/SD=02/1437) It is not lawful to pay third party insurance premium of car using interest money. (Ahsan a-Fatwa: 7l26, pub. Zakaria, Deoband)

Allah (Subhana Wa Ta'ala) knows Best

Darul Ifta,

Darul Uloom Deoband, India

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Title: Interest and third party car insurance

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