Can we use interest to pay bank services and maintenance fees for e.g Minimum Account Balance penalty, ATM charges and Credit card Service fees?
asked Jan 13, 2020 in Usury / Insurance by Tofail Ahamed

1 Answer

Ref. No. 41/958

In the name of Allah the most Gracious the most Merciful

The answer to your question is as follows:

Bank serves its customers and in return it levies charges as service fees which are allowable in Shariah. The interest money can be given in unlawful charges but these charges are not considered unlawful in Shariah. Thus it is not allowed to pay interest money in ATM and credit card and bank’s service charges. But the minimum account balance penalty would be considered unlawful in shariah. Hence one maybe allowed using interest money received from bank to pay its maintenance fees.

And Allah knows best

Darul Ifta

Darul Uloom Waqf Deoband

answered Jan 16, 2020 by Darul Ifta