Loans, Tawarruq, discounting, financing of business : interest paid from the bank
Fatawa Question
Brother Monzer Kahf, I found your name and read about you on islamonline.net. I understand that you have an upcoming session but I cannot ask my question due to the fact that I will be in work at the time of the session. I would greatly appreciate it if you would answer my question and guide me to the correct and straight path that Allah has revealed to us. The question regards using interest money accumulated in bank accounts being used to pay income taxes and other taxes. Is it permissible to use the money in this way ? Or should the interest money be distributed in some other way ? Your help is would be greatly appreciated. Jazakallah Khair for you time in helping me. Arthur
Fatwa
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Publication Date
2009-03-02
Main Subjects
Financial and Accounting Sciences
Islamic Studies
Topics
No. of Pages
1
Data Type
Fatawa
Language
English
Record ID
BIM-729681
American Psychological Association (APA)
Qahf, Mundhir. 2009-03-02. Loans, Tawarruq, discounting, financing of business : interest paid from the bank. .
https://search.emarefa.net/detail/BIM-729681
Modern Language Association (MLA)
Qahf, Mundhir. Loans, Tawarruq, discounting, financing of business : interest paid from the bank. 2009-03-02.
https://search.emarefa.net/detail/BIM-729681
American Medical Association (AMA)
Qahf, Mundhir. 2009-03-02. Loans, Tawarruq, discounting, financing of business : interest paid from the bank.
https://search.emarefa.net/detail/BIM-729681
