Question:
Assalamualaikum
I want to know if the following is permissible…
1. I have recently bought a house and now the attorneys are asking me to pay registration and bond costs, can I offset these payments by
using Interest money?
2. Can I use somebody else’s interest money to offset those payments?
3. can I use the interest money that I have accrued on my 32 day call account to offset my water and lights and rates and tax fees every month?
Shukran
Answer:
The cost of registration, charges of water and lights, rates and taxes are all permissible charges according to Shari’ah. Therefore to pay these charges and fees with interest money is unlawful. You cannot offset these payments by using interest money.
And Allah Ta’ala knows best
Mufti Muhammad Ashraf
Darul Iftaa
Jameah Mahmoodiyah
Springs
15 December 2004
03 Thul Qa’dah 1425