• Transactions & Dealings >> Interest & Insurance

    Question ID: 24639Country: India

    Title: I already availed home loan. Now Can I pay Home loan interest by saving bank account or Fixed deposit interest?

    Question: I already availed home loan. Now Can I pay Home loan interest by saving bank account or Fixed deposit interest?

    Answer ID: 24639

    Bismillah hir-Rahman nir-Rahim !

    (Fatwa: 1721/1352/B=1431)

     

    It is not lawful for you to get benefit from home loan. You can pay the interest of home loan from the interest of saving bank account as well as from the interest of fix deposit. It is allowable.

    Allah (Subhana Wa Ta'ala) knows Best

    Darul Ifta,

    Darul Uloom Deoband, India