What to do with earned interest ? : interest gained on a saving bond received as a gift
Fatawa Question
Assalamu Alaikum I have a question concerning interest. Before I converted to Islam, I took out some government loans to finance my education. I also recently discovered a government savings bond that I received as a gift several years ago. I cashed it in as soon as I found it, but it has already gained $ 250 in interest. Is it permissible for me to use the interest gained by this savings bond to help pay off the interest debt that my student loans have collected ? can two wrong things be used to cancel each other out ?
Fatwa
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Publication Date
2002-03-16
Main Subjects
Economics & Business Administration
Financial and Accounting Sciences
Islamic Studies
Topics
No. of Pages
1
Data Type
Fatawa
Language
English
Record ID
BIM-726200
American Psychological Association (APA)
Qahf, Mundhir. 2002-03-16. What to do with earned interest ? : interest gained on a saving bond received as a gift. .
https://search.emarefa.net/detail/BIM-726200
Modern Language Association (MLA)
Qahf, Mundhir. What to do with earned interest ? : interest gained on a saving bond received as a gift. 2002-03-16.
https://search.emarefa.net/detail/BIM-726200
American Medical Association (AMA)
Qahf, Mundhir. 2002-03-16. What to do with earned interest ? : interest gained on a saving bond received as a gift.
https://search.emarefa.net/detail/BIM-726200
