Paying interest with interest

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Question ID: 29123
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Is it permissible to pay interest with interest? e.g. The interest received on a current account is used to pay the interest charged on a homeloan?

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Asked on December 30, 2007 12:00 am
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Some are of the opinion that this is not permissible, we are of the opinion it is permissible.

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Answered on December 30, 2007 12:00 am