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How should I handle borrowing money on interest according to Islamic teachings?

Answered as per Hanafi Fiqh by Darulifta-Deoband.com
If I borrow 25000 on interest and I will have to pay 5000 as interest. I also have 1,00,000 separately. Will all of 1,25,000 become haram? Or just 25,000? Or all of the money will remain halal but I will be punished for this great sin?

بسم الله الرحمن الرحيم

(Fatwa: 477/419/SD=6/1438)

No money shall be haram due to taking interest based loan rather all the amount shall remain halal, but one shall be sinful due to interest based dealing and paying the interest.

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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