The Majlis Archive

Finance - Banking - Business The Majlis Vol 26 No 07, p.5

The government takes about 20% of the price we pay for petrol/diesel.

Question

The government takes about 20% of the price we pay for petrol/diesel. Will it be permissible to pay 20% of the petrol cost with interest?

Answer

Since the 20% tax is not paid directly to the government, but is included in the price of the petrol, it may not be paid with interest.

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Published in
The Majlis Vol 26 No 07
PDF page
5

Appears under LONG TERM LOANS AND DEBT (approximate).

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