Home » Hanafi Fiqh » Askimam.org » If a company has gone into liquidation but the shareholders promise to repay all creditors over time, will the shareholders still have to repay the interest they owe to banks?
In principle, it is not permissible to pay or earn interest.
If the interest owed is defaced due to liquidation, it simply facilitates to comply with the Islamic provision of not paying interest.
And Allah Taãla Knows Best.
Was salaam
Mufti Ebrahim Desai
FATWA DEPT.
This answer was collected from Askimam.org, which is operated under the supervision of Mufti Ebrahim Desai from South Africa.
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