Category: Charity, Obligatory (Zakaat)
Fatwa#: 39618
Asked Country: United Kingdom

Answered Date: Feb 06,2018

Title: Paying back a loan with interest money

Question

Paying back loan with interest money.

 

I am currently taking a student loan aiming to pay it back before graduation so that there's no interest on the loan. I have a bank account which accumulates interest and I cannot remove that so I take that money and give it away to needy etc, without intention of reward. Instead of giving the money to the needy, would I be able to use that money to pay back the student loan? This would assist me in making sure that I have paid the loan back before graduation. 

 

JazakhAllah

Answer

In the Name of Allah, the Most Gracious, the Most Merciful.

As-salāmu ‘alaykum wa-rahmatullāhi wa-barakātuh.

In principle, one cannot derive benefit from interest money. [1]

Interest money must be disposed of to the poor and needy without the intention of reward. [2]

However, if a person is poor, and does not have sufficient funds to pay his debt and is eligible to accept Zakaat, then it will be permissible to pay his debt with interest money. [3]

Accordingly, you may use the interest money to pay your debt.

We make du῾ā’ Allah opens His doors of sustenance for you and provide you with all your requirements in a halal manner.  Aameen.

 

And Allah Ta’āla Knows Best

 

Muhammad IV Patel

Student Darul Iftaa
Lusaka, Zambia 

Checked and Approved by,
Mufti Ebrahim Desai.

 



الهداية في شرح بداية المبتدي (3/ 61)  [1] 

لأن الربا هو الفضل المستحق لأحد المتعاقدين في المعاوضة الخالي عن عوض شرط فيه

 

الدر المختار وحاشية ابن عابدين (رد المحتار) (5/ 169)

لأن الربا هو الفضل الخالي عن العوض، وحقيقة الشروط الفاسدة هي زيادة ما لا يقتضيه العقد ولا يلائمه فيكون فيه فضل خال عن العوض وهو الربا بعينه اهـ ملخصا

 

الدر المختار وحاشية ابن عابدين (رد المحتار) (5/ 166)

(قوله كل قرض جر نفعا حرام) أي إذا كان مشروطا كما علم مما نقله عن البحر، وعن الخلاصة وفي الذخيرة وإن لم يكن النفع مشروطا في القرض، فعلى قول الكرخي لا بأس به

 

 

البحر الرائق شرح كنز الدقائق ومنحة الخالق وتكملة الطوري (8/ 229) [2]

 وَيَرُدُّونَهُ عَلَى أَرْبَابِهِ إنْ عَرَفُوهُمْ، وَإِلَّا يَتَصَدَّقُوا بِهِ؛ لِأَنَّ سَبِيلَ الْكَسْبِ الْخَبِيثِ التَّصَدُّقُ إذَا تَعَذَّرَ الرَّدُّ

 

الدر المختار وحاشية ابن عابدين (رد المحتار) (6/ 385)

 ويردونها على أربابها إن عرفوهم، وإلا تصدقوا بها لأن سبيل الكسب الخبيث التصدق إذا تعذر الرد على صاحبه

 

دار العلوم ديو بند جلد2    ص703

فتاؤي محمؤديه   جلد24   ص404

 

     فتاؤي دار العلوم زكريا جلد 5  ص 400 [3]

كفاية المفتي ج8  ص58

کتاب الفتاوى جلد 5 ص 319 زمزم پبلشرز

فتاؤي رحيميه   

 

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