Transactions & Dealings >> Interest & Insurance

Question ID: 170812Country: India

Title: Using Interest for availing banking services

Question: 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 ID: 170812Posted on: Sep 1, 2020

Bismillah hir-Rahman nir-Rahim !

(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 (Subhana Wa Ta'ala) knows Best

Darul Ifta,

Darul Uloom Deoband, India

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Title: Using Interest for availing banking services

Question: 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.

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