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

A Woman’s Home: The Islamic Place of Dignity & Peace

Delve into the profound Islamic wisdom behind why a woman's home is her ultimate sanctuary. This article explores the Quranic… Read More

5 days ago

Chastity Before Marriage in Islam

Explore the divine imperative of chastity in Islam, rooted in Quran and Sunnah, safeguarding dignity, family, and society from zina's… Read More

5 days ago

Islam’s Guide to Animal Kindness & Eco Responsibility

Discover Islam’s profound teachings on kindness to animals and environmental responsibility, rooted in Quranic principles and Prophetic traditions, promoting compassion… Read More

5 days ago

Backbiting & Lying in Islam: Quranic Warnings

Explore the clear Islamic definitions and prohibitions of backbiting (Gheebah), tale-bearing (Nameemah), and lying. This detailed explanation from Allamah Zayd… Read More

6 days ago

Women’s Role in Society’s Foundation

Explore how women, as mothers and wives, form the cornerstone of family and society through nurturing, harmony, and value instillation,… Read More

2 weeks ago

Spouses as Garments: Quran 2:187 Meaning

Discover the metaphor of spouses as garments in Quran 2:187, exploring protection, comfort, intimacy, and mutual rights for a blessed… Read More

2 weeks ago