Paying debts with interest money
Q: The bank gives a percentage of interest on money in your savings account. Is it permissible to use this money to pay off debts?
Q: The bank gives a percentage of interest on money in your savings account. Is it permissible to use this money to pay off debts?
Q: Can interested monies be given to an employee as a gift?
Q: In the case of a transfer of ownership of a property, can interest be used to pay the transfer duties (to SARS)?
Q: My question relates to interest which was obtained unknowingly from my medical aids savings account. Can I use this money to pay it into my bond which generates a monthly interest fee.
Q: Standard bank charged me an honoring fee of R100 which I don't think is fair. Why would they let a transaction go through if my bank account didn't have any funds?
I tried contacting them but they declined to reverse the transaction. I have a normal debit account. Anyways I am now due to pay them this fee of R100. Can I pay them with haraam interest money?
Q: Please advise the best ways (most recommended ways) to spend/dispose of interest money earned from a bank savings account?
Q: I have had some interest money which I gave to a paraplegic in a wheelchair at our local mosque. I didn’t tell him it was interest. I did not expect any sawaab for this. He made so much of dua for me and I kept saying آمين.
Is his dua acceptable and is my saying آمين acceptable.
Q: Previously I should donate any interest accrued monthly.
My father said I rather keep it because he will be buying a big property within a year or two, and we can use the interest for paying the property taxes, municipal rates, etc. which are exorbitant.
Would this be okay - to withhold the interest for sometime with the intention of paying taxes?
Q: Can I use interest from the bank to pay for my grand kids dentistry? Their mother is single and there's no medical aid.
Q:
1. Is it permissible to dispose of interest monies to ones helper?
2. What are some recommended ways to dispose of interest money?