IslamQA.org Logo

If a person is having overdraft in his bank account(if has only one account),is it halal to use such money.the person is working but his monthly income is not sufficient to change the position of his bank account(overdraft).

Answered according to Hanafi Fiqh by Askimam.org

if a person is having overdraft in his bank account(if has only one account),is it halal to use such money.the person is working but his monthly income is not sufficient to change the position of his bank account(overdraft).

Answer

In the name of Allah, Most Gracious, Most Merciful

Assalaamu `alaykum waRahmatullahi Wabarakatoh

 

An overdraft is a loan on interest which is haram. The person should pay his debt and abstain from interest.

And Allah Ta’ala Knows Best

Wassalam

Mufti Ebrahim Desai
Darul Iftaa, Madrassah In’aamiyyah
Original Source Link

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

Find more answers indexed from: Askimam.org
Read more answers with similar topics:

Pin It on Pinterest