Topics: Islamic Finance

The Islamic Ruling on Using Interest Money to Repay Debt

Repaying Debt: The Prohibition of Using Interest-Based Funds

Question: Can a debtor use interest money to pay off their debt if the debt is very large and there seems to be no other way to repay it?

Answer: A debtor cannot use interest money to pay off their debt. Interest (riba) is haram (forbidden) and is not permissible for anyone, including a debtor. Often, people take on more debt than they can handle, which is why it is said that one should live within their means.

However, while a debtor cannot use interest money to repay their debt, they can seek Zakat (charitable donations) to pay off their debt, which is permissible.

Sheikh Maqbool Ahmed Salafi

Jeddah Dawah Center – Al-Salamah – Kingdom of Saudi Arabia

Author: IslamicHelper

IslamicHelper

Recent Articles

Jannah & Jahannam: Heaven & Hell in Islam

Explore the profound descriptions of Jannah (Paradise) and Jahannam (Hell) in Islam, drawn from the Quran and authentic Hadith. Discover… Read More

3 days ago

Pre-Marital Questions in Islam

Explore key pre-marital questions and discussions rooted in Islamic principles to ensure compatibility, shared faith, and a blessed Nikah. From… Read More

3 days ago

Islamic Family Values & Practices

Discover the timeless principles of marriage, parenting, kinship, and home life in Islam, drawn from the Quran and authentic Hadith.… Read More

3 days ago

Women’s Health in Islam

Explore how Islam views women's health as a sacred trust, covering menstruation, pregnancy, mental well-being, and more through Quranic verses… Read More

3 days ago

Major Sins in Islam & How to Avoid Them

Explore the major sins (al-Kaba'ir) in Islam, including the seven destructive sins from authentic Hadith. Learn their Quranic warnings, consequences,… Read More

6 days ago

Family in Islam: Sacred Bonds & Values

In Islam, family is the cornerstone of society, offering tranquility, love, and mercy as per Quran 30:21. Explore honoring parents,… Read More

6 days ago