Can we use the unlawful earnings to pay off a mortgage ?

Fatawa Question

I have £ 1000 profit worth of shares in a bank (they were acquired through the banks company share save scheme which I’m an employee in the IT department.) I also have a mortgage with the same bank. Is it permissible for me to use the £ 1000 profit from the shares to pay towards reduction in mortgage. Note both are from the same bank.

Fatwa

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Publication Date

2016-01-18

Main Subjects

Economics & Business Administration
Financial and Accounting Sciences
Islamic Studies

Topics

No. of Pages

1

Data Type

Fatawa

Language

English

Record ID

BIM-726985

American Psychological Association (APA)

al-Qalam Shariah Scholar Panel (Manchester, England). 2016-01-18. Can we use the unlawful earnings to pay off a mortgage ?. .
https://search.emarefa.net/detail/BIM-726985

Modern Language Association (MLA)

al-Qalam Shariah Scholar Panel (Manchester, England). Can we use the unlawful earnings to pay off a mortgage ?. 2016-01-18.
https://search.emarefa.net/detail/BIM-726985

American Medical Association (AMA)

al-Qalam Shariah Scholar Panel (Manchester, England). 2016-01-18. Can we use the unlawful earnings to pay off a mortgage ?.
https://search.emarefa.net/detail/BIM-726985