Transactions & Dealings >> Interest & Insurance
Question ID: 45579Country: India
Answer ID: 45579Posted on: Aug 30, 2020
Bismillah hir-Rahman nir-Rahim !
(Fatwa: 789/622/H=1434) It is haram to take and give interest based loan. However, it is allowable if you give the interest which you have received from the bank to pay the due interest incurred on your daughter.
Allah (Subhana Wa Ta'ala) knows Best
Darul Ifta,
Darul Uloom Deoband, India