This answer was collected from the official ifta website of Darul Uloom Deoband in India.
Can we use interest to pay bank services and maintenance fees for e.g Minimum Account Balance penalty, ATM charges and Credit card Service fees. بسم الله الرحمن الرحيم (Fatwa: 856/701/SD=09/1440) It is not lawful to use interest money to pay ATM charge, credit service fee etc. one should spend interest money on poor and… read more »
I am a state govt employee of Odisha. Can I use interest money received from L.I.C ,India in lieu of Annual Income Tax which is directly deducted from my salary in the month of February every year? (So it will be assumed that the interest money received from L.I.C is being used for payment of… read more »
I have purchased a property whose amount I am suppose to give in 4 years in installments. This purchase and payment is completely interest free. Till now I have paid some 4 to 5 installments. So do I need to consider the money that I have paid till now in Zakat amount calculation? بسم الله… read more »
I have received some interest from my savings account, I have given it in charity (without intention to get sawab). Now can I show this charity in income tax returns so that tax department will refund me some amount on it? بسم الله الرحمن الرحيم (Fatwa: 538/449/N=06/1440) Income tax is non-Shariah tax. It is… read more »
I have purchased a car on loan and the interest ammount of the car is Rs.1,20,000. My father gave me Rs.1,20,000 which He was saving from the interest amount getting from the bank. He did not use this interest amount which He was getting from the bank. He told me you can use this Rs…. read more »
I have a Fixed Deposit (taken last year for tax relief) of Rs 1,50,000 in a bank. But I can never withdraw the amount up to 5 years. Even I tried to withdraw the money due to my crisis. But bank says it is lock in period of 5 years. So, should I pay zakah… read more »
I have not paid my house tax for 2 years so municipality dept put the huge penalty. So can I pay my house tax along with penalty with my bank interest amount? بسم الله الرحمن الرحيم (Fatwa: 580/490/B=05/1440) You should pay house tax (the tax that is levied against municipality facilities) with your pure… read more »
Can interest amount be paid to help a person in debt? If person cousin brother and he is in debt. but not sure he telling of debt is true or not. If interest amount given to him without telling him. Also what if he spends this amount on self/ family? بسم الله الرحمن الرحيم (Fatwa:… read more »
I am intending to perform Hajj with my wife In-shaAllah, though I am earning good Alhamdulillah, I am not able to save a bulk amount due to various commitments. I am planning to borrow money from my brother to perform hajj and will return him money in installments In-shaAllah. Is it OK to do this?… read more »
I am an IT consultant working on Banking Application. I am working in IT company giving services to Bank, where I am responsible for the Server/Application of Issuing Debit Card to customers, maintaining Bank ATM’s, Services on the ATM to the customers, also POS (shopping with Debit Card) transactions. Is there any impurity or concern… read more »