• Miscellaneous >> Halal & Haram

    Question ID: 8966Country: Saudi Arabia

    Title: One of my banks charges a fixed amount yearly for crdit card and ATM card as a service charge and also they deduct certain amount if monthly balance becomes lower than a minimum limit. This bank does not pay interest on any amount. My other bank pays interest, the question is; whether I can pay all the above mentioned charges of first bank from the Interest received from second bank.

    Question: One of my banks charges a fixed amount yearly for crdit card and ATM card as a service charge and also they deduct certain amount if monthly balance becomes lower than a minimum limit. This bank does not pay interest on any amount. My other bank pays interest, the question is; whether I can pay all the above mentioned charges of first bank from the Interest received from second bank.

    Answer ID: 8966

    Bismillah hir-Rahman nir-Rahim !

    (Fatwa: 2195/2017=D/1429)

     

    (1) Pay the service charge from your own money and try to keep the minimum required amount in the account so that no interest is charged to you.

    (2) Please, explain whether the owner of the banks is same or different?

    Allah (Subhana Wa Ta'ala) knows Best

    Darul Ifta,

    Darul Uloom Deoband, India