IslamQA.org Logo

Using interest money to pay exorbitant rates on one’s property

Answered according to Hanafi Fiqh by Muftionline.co.za

Q: Can interest money be used to pay exorbitant rates on your property? Or can they be used to pay high bank charges? Can they also be used to pay tax or toll road charges?

bismillah.jpg

A: It is impermissible for one to intentionally accumulate interest money. However if interest money had come in ones possession unintentionally one should dispose of it through giving it to the poor without the intention of reward. Using interest money to pay for bank charges, toll road charges or any valid service is impermissible. According to some Ulama’ it is permissible to use interest money for paying the rates of one’s property and government taxes.

And Allah Ta’ala (الله تعالى) knows best.

 

Answered by:

Mufti Zakaria Makada

Checked & Approved:

Mufti Ebrahim Salejee (Isipingo Beach)

This answer was collected from MuftiOnline.co.za, where the questions have been answered by Mufti Zakaria Makada (Hafizahullah), who is currently a senior lecturer in the science of Hadith and Fiqh at Madrasah Ta’leemuddeen, Isipingo Beach, South Africa.

Find more answers indexed from: Muftionline.co.za
Read more answers with similar topics:
Subscribe to IslamQA Weekly Newsletter

Subscribe to IslamQA Weekly Newsletter

You will receive 5 Q&A in your inbox every week



We have sent a confirmation to you. Please check the and confirm your subscription. Thank you!