Saturday 12 Rabi‘ at-akhir 1442 - 28 November 2020
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Ruling on getting back a loan from interest-based money

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Publication : 14-02-2010

Views : 6555

Question

A debtor transferred his debt to an interest-based bank. Is it permissible for the lender to take what he is owed from the bank when he knows that the contract between the bank and the debtor is based on interest?

Answer

Praise be to Allah.

It may be permissible, because the lender is not a party to the interest-based transaction. But he should try to advise both parties. 

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Source: Shaykh Ibn Jibreen