Paying one's credit card account with interest money
Q: I had to pay some old due of my credit card. Can I pay that payment with the interest I received in my saving account?
Q: I had to pay some old due of my credit card. Can I pay that payment with the interest I received in my saving account?
Q: I would like to ask a question regarding the haraam riba banks. If for example a person deposited halaal money R100 into his account and lets say he used the ATM to deposit it. The bank lost it and did not credit him for it. Will this person when counting his halaal money that he put in so far, will this person still regard it as from his halaal money or should he not consider it at all? The next question is what happens if a bank subtracts money from your account unjustly for no reason at all, will I regard that subtraction from my halaal money or must I subtract it from the haraam interest money? I know interest is haraam and I'm trying to get rid of this haraam interest money.
Q: I sold my riba house, the interest obviously is haram, but is it permissible to claim the halAal money I put in?
Q: My daughter is a university student and has accrued traffic fines which she was not aware of. It is only now almost a year late when I called I found out of 40 outstanding fines. The manner in which I found out was unfair. It's too late to apply for a discount. Can I pay with interest money?
Q: In addition to the Provident fund question asked, does the same apply to the Pension fund? How will I know if and how much of interest has been accumulated over the years and how do I calculate? Do I ask the company how and where was my pension fund invested.
Q: Some people have borrowed money from me but are not repaying. Can these borrowers be given interest money I have accumulated as a replacement as I cannot keep interest money.
Q: Mera aik sawal hai ke me ne karobar ke lye paanch lac rupee liye owr me ne us ko 7 lac wapise karne hai takriban 6 mahine bad me ye pochna cha raha hon que kya ye sood me shamil hai? Please is ki wazahat kar dien.
Q: My question is interest. You may know within the UK that university fee is £9000 and to take student loans it includes interest, I understand the punishments of doing so but my parents don't if I do tell them they'll take it lightly. My parents have high aspirations for me to go to university and they are not able to fund me like not able to afford it but student loan with interest is haram is there no alternatives or is that it I can't go to university. Please could you provide me with advice. It would be really helpful. May Allah Ta'ala bless you all and accept all your duas ameen.
Q: I have an education saving account at the bank. Basically, we deposit money every month for education, and on top of that, the government puts 2.5% without us asking for it. Is this considered as interest?
Q: My father had passed away and I being his daughter is entitled to inherit from his possession. My father left a large sum deposited in the bank that earned him compound interest annually, he officially was on a job, and earned a modest salary out of which any surplus over domestic expenditure was again deposited. By compound interest, I mean, any interest that was earned on the sum was added to the principal amount so that the next interest receipt could be claimed on the greater sum. After his demise, now any interest earned is brought into use by my mother and sister for their expenditure and for Zakaat purpose, no compounding therefore, now takes place. Before, however, during his lifetime, all his money was diluted with the interest receipts. I want to know whether it is permissible for me to claim my part of inheritance from this interest diluted money? Provided, If any money comes to me, it will no longer be used to earn interest. However, untiI I don't get my part it will remain deposited to earn interest and the money is expected to arrive to me in a few years. Can I receive all my part of inheritance and use it for my means?