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Use of Interest received from bank, Govt.

Answered according to Hanafi Fiqh by
My daughter got loan from bank for purchasing a house and paying interest on loan. My question is whether I can give money from my income of interest which I received from bank/NSSC to my daughter for making interest payment of her loan.

بسم الله الرحمن الرحيم

(Fatwa: 789/622/H=1434)

It is haram to take and give interest based loan. However, it is allowable if you give the interest which you have received from the bank to pay the due interest incurred on your daughter.

Allah knows Best!

Darul Ifta,
Darul Uloom Deoband

This answer was collected from the official ifta website of Darul Uloom Deoband in India.

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