Is it permisable to use interest money to pay for brokerage and share purchasing expenses? Also to pay for bank charges?

Answer:

No, it is not permissible to use interest for this purpose.

Interest should be given away to the poor without any intention of reward.

and Allah Ta’ala Knows Best

Mufti Muhammad Kadwa
FATWA DEPT.

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This answer was collected from Askimam.org, which is operated under the supervision of Mufti Ebrahim Desai from South Africa.

Tags: Bank, Interest

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