Question
Is it permissible to open a banking account with the intention to use the interest for paying taxes?
Answer
Although it is permissible to pay taxes with interest, it is not permissible to open a banking account with the intention of earning interest regardless of the purpose being permissible. One may not gamble with the intention of paying tax with the haraam proceeds.
- Source
- themajlis.co.za
- Published in
- The Majlis Vol 28 No 04
- PDF page
- 3
Appears under CAN A MALE BECOME A FEMALE? (approximate).