Fatwa #174715 December 2000Pakistan

Are you allowed to take your interest from your bank account and use it for yourself in this country (Britain)?

Answer

It is permissible to use the interest earned from one bank to offset interest charges of the same back only.

And Allah Ta'ala knows best

Mufti E. Desai

#18613Many banks in pakistan offer loan without interest for HAJ. Is this allow in Islam to take loan from bak without interest and give some of the % before and rest in installemnet after HAJ. If no then why Banks like meezan , dubai islamic offering it.
#29851Is it allowed to smoke and sell cigarettes, sell lottery tickets, take interest and do I give Zakat on my 401(k)?
#14096I used to get interest and give it to poor with no intension to earn reward until then I stop taking the interest due to an Alim said this "taking interest is Haram".
#3620I work for a division owned by a bank which only does accounting work for the bank. Is this allowed ?
#42393Interest in a non-Muslim country and Getting rid of interest
#38079Accumulated interest in the bank account
#38929How to calculate forgotten/unrecorded interest amounts in a bank account & harms of interest in this world
#19939Do we need to revise the view on interest (Riba)? If not then what solution does Shariah has for dire need owning a house for those living in the western countries?

Something wrong with this record?

Answer

Related rulings