Transactions & Dealings >> Interest & Insurance
Question ID: 48157Country: India
Answer ID: 48157
Bismillah hir-Rahman nir-Rahim !
(Fatwa: 1746/1351/B=12/1434) It is haram to write interest based accounts. You can give advice to the businessmen about debts as some debts are free from interest. He will be responsible for taking interest based loan. It is lawful to reply the questions pertaining to interest in commerce subjects. It is a kind of account knowledge which may be used at other places as well. In reply he may include words which involve interest free accounts e.g. the lawful profit may be distributed in this way or if the growth or profit is out of mudharabah then it will be distributed in this way. Thus such a person will not be part of the interest based accounts. (Extracted from Imdad al-Fatawa 1:167-168)
Allah (Subhana Wa Ta'ala) knows Best
Darul Ifta,
Darul Uloom Deoband, India