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Can I disburse of interest by paying Rands locally against interest earned on a bank account overseas in US Dollars thereby making the US Dollars halaal?

Answered as per Hanafi Fiqh by Askimam.org

Rand = South African currency

Answer

It is permissible to convert the interest amount of dollars and pay in Rands.

and Allah Ta’ala Knows Best

Mufti Ebrahim Desai

Original Source Link

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

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