Random Q&A

Interest and third party car insurance

Answered according to Hanafi Fiqh by
As you know that third party car insurance is compulsory in India. We cannot drive a car without third party insurance. My salary is credited into saving bank account and I get interest on two occasions in a year on my money stored in the saving account. Can I pay third party insurance premium using the interest money?

بسم الله الرحمن الرحيم

(Fatwa: 58/58/SD=02/1437)

It is not lawful to pay third party insurance premium of car using interest money. (Ahsan a-Fatwa: 7l26, pub. Zakaria, Deoband)

Allah knows Best!

Darul Ifta,
Darul Uloom Deoband

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

Find more answers indexed from:
Read more answers with similar topics:

More Answers…