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Can I use bank interest to pay for gold items held by a jeweler in an emergency?

Answered as per Hanafi Fiqh by Darulifta-Deoband.com
If i kept some gold items to a jweller for a certain period he charge me interest.in that case can i give my bank interest amount to release my gold items or it is jayez to keep the gold items to a jweller in case of urgent need.

Answer

(Fatwa: 954/756/D=1431)

(1) It is unlawful to pay the interest of the jeweller with the bank interest; rather it is wajib to spend the bank interest on poor and needy ones.
(2) In taking loan by giving gold on security, one will have to give interest while taking and giving interest is haram; hence you should not do so.

Allah (Subhana Wa Ta’ala) 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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