Fulfilment of existing contractual obligations to pay interest : do you have to pay all debts to banks ?
Fatawa Question
Hi, I want to know do I have to pay back the money which I owe to the bank. I had a student account and I took out an interest free loan of 1250 pounds and also I am now over drawn by 7000 pounds. With the same bank I owe them 2000 pounds for a credit card bill. I want to know if I don’t pay the money back to the bank will this be seen as a debt unpaid on the day of judgment because the bank says it will take me to court which will lead to me being black listed if I don’t pay. If I have to pay this money back do I pay the interest on it ? Please explain with references thanks.
Fatwa
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Publication Date
2002-12-28
Main Subjects
Economics & Business Administration
Financial and Accounting Sciences
Islamic Studies
Topics
No. of Pages
2
Data Type
Fatawa
Language
English
Record ID
BIM-726553
American Psychological Association (APA)
Qahf, Mundhir. 2002-12-28. Fulfilment of existing contractual obligations to pay interest : do you have to pay all debts to banks ?. .
https://search.emarefa.net/detail/BIM-726553
Modern Language Association (MLA)
Qahf, Mundhir. Fulfilment of existing contractual obligations to pay interest : do you have to pay all debts to banks ?. 2002-12-28.
https://search.emarefa.net/detail/BIM-726553
American Medical Association (AMA)
Qahf, Mundhir. 2002-12-28. Fulfilment of existing contractual obligations to pay interest : do you have to pay all debts to banks ?.
https://search.emarefa.net/detail/BIM-726553
