Use interest money to pay bribes, bank charges, taxes : paying income tax from earned interest

Fatawa Question

Can interest from bank deposits be used to pay income tax ? 2) If the tax is deducted at source on earned income, can an equivalent amount of bank interest income be utilized for personal use ? Jazakum Allahu Khairan for your constant help

Fatwa

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Publication Date

2008-06-08

Main Subjects

Financial and Accounting Sciences
Religion
Islamic Studies

Topics

No. of Pages

1

Data Type

Fatawa

Language

English

Record ID

BIM-730444

American Psychological Association (APA)

Qahf, Mundhir. 2008-06-08. Use interest money to pay bribes, bank charges, taxes : paying income tax from earned interest. .
https://search.emarefa.net/detail/BIM-730444

Modern Language Association (MLA)

Qahf, Mundhir. Use interest money to pay bribes, bank charges, taxes : paying income tax from earned interest. 2008-06-08.
https://search.emarefa.net/detail/BIM-730444

American Medical Association (AMA)

Qahf, Mundhir. 2008-06-08. Use interest money to pay bribes, bank charges, taxes : paying income tax from earned interest.
https://search.emarefa.net/detail/BIM-730444