- Is it permissible to use interest money to pay RATES?
- Can interest money be used to pay VAT e.g. I buy a car and VAT is included in the amount, can I use interest money to pay only the VAT?
Answer
In the Name of Allah, the Most Gracious, the Most Merciful.
As-salāmu ‘alaykum wa-rahmatullāhi wa-barakātuh.
- If the interest money has been accrued through a government bank then the interest money can be used to pay RATES only.
- If the interest money has been accrued through a government bank then the interest money can be used to pay VAT only.
And Allah Ta’āla Knows Best
Mufti Hussein Issa,
Mozambique
Checked and Approved by,
Mufti Ebrahim Desai.
www.daruliftaa.net