['Aalim Network QR] Paying Interest

[abbas@dircon.co.uk (Abbas Jaffer)]

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|       In the Name of Allah, the Compassionate, the All-Merciful       |\
|  Greeting of Allah be upon Muhammad and the pure members of his House |\
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The following question was kindly answered by Brother Hamid Mavani.

Regards

Abbas Jaffer
Moderator - ABDG-A.

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Question:

I follow Ayatollah Khamanei as my Maraja. I would like to know what is his
ruling on paying interest on credit card debts, student loans, house
mortgage, and interest when paying bills late. I know it is ok to take
interest from banks on savings and cd accounts but how about paying it since
especially in the case of student loans no education would be possible.

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Answer:

Bismihi Ta'ala

Ayatullay Khamena'i is very explicit in his ruling (fatwa) that paying
interest (riba), whether to Muslims or non-Muslims, is prohibited.
He adds that such a transaction can not be made lawful even with the
permission of the al-hakim as-shar'i.  Thus, under normal circumstances
paying interest is prohibited unless one can substantiate that he/she
is compelled (mudtarr).  However, the contract for the principal amount
remains valid and has to be honored.  With respect to receiving
interest (riba), Ayat. Khamena'i allows it so long as it is from the
non-Muslims.

Source: "Durar-ul-Fawa'id...," p. 108, 111, 113, 115.

wa bi-l-laahi-t-tawfiq,

Hamid Mavani