Can earned interest be used to pay credit card’s interest ? : using earned interest for paying interest charged on credit cards
Fatawa Question
Salamo Alikom. I live temporarily in the United States, and I save my money in a bank, where they add APR to my saving account each three months. I also sometimes use the credit card and they charge me interest. Can I use the interest I got as Sadaqah, or to give it in payment for the other interest charges ?
Fatwa
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Publication Date
2002-02-05
Main Subjects
Economics & Business Administration
Islamic Studies
Topics
No. of Pages
1
Data Type
Fatawa
Language
English
Record ID
BIM-723976
American Psychological Association (APA)
Qahf, Mundhir. 2002-02-05. Can earned interest be used to pay credit card’s interest ? : using earned interest for paying interest charged on credit cards. .
https://search.emarefa.net/detail/BIM-723976
Modern Language Association (MLA)
Qahf, Mundhir. Can earned interest be used to pay credit card’s interest ? : using earned interest for paying interest charged on credit cards. 2002-02-05.
https://search.emarefa.net/detail/BIM-723976
American Medical Association (AMA)
Qahf, Mundhir. 2002-02-05. Can earned interest be used to pay credit card’s interest ? : using earned interest for paying interest charged on credit cards.
https://search.emarefa.net/detail/BIM-723976
