• Transactions & Dealings >> Interest & Insurance

    Question ID: 45579Country: India

    Title: Use of Interest received from bank, Govt.

    Question: My daughter got loan from bank for purchasing a house and paying interest on loan. My question is whether I can give money from my income of interest which I received from bank/NSSC to my daughter for making interest payment of her loan.

    Answer ID: 45579

    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