The Majlis Archive

Finance - Banking - Business The Majlis Vol 28 No 02, p.9

I had acquired an interestbearing loan.

Question

I had acquired an interest-bearing loan. I have repaid the capital amount. Only the interest amount is outstanding. Will it be wrong not to pay the interest amount?

Answer

In fact whatever has been paid is deductible from the capital amount. You should not pay the interest.

View on themajlis.co.za
Published in
The Majlis Vol 28 No 02
PDF page
9

Appears under MARRIAGE FROM A HARAAM BASIS (approximate).

Was this page helpful?