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is the money i have left halal or is it haram (interest)

Last updated: 19th September 2019
Question ID: #4284
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I go Uni in the UK and i have applied for a maintenance loan which i have to pay back with interest. i applied for 7k and already had 600 pound saved in my bank, after 2 years i spent the 7600 and 300 left is this considered the loaned money or the money i had saved?

بسم الله الرحمن الرحيم

الجواب حامداومصليا

First of all, you must repent as taking interest is Haram.  The money that is left must be returned to the loaner and if that is not possible then you can give it as Sadaqah without any hope of reward.

ويردونها على أربابها ان عرفوهم والاتصدقوا بها لان سبيل الكسب الخبيث التصدق اذاتعذر الرد على صاحبه (ردالمحتار, كتاب الحظر والاباحة, فصل فى البيع ج6 ص385 سعيد)

(ان من شرط التوبة أن ترد الظلامة الى أصحابها فان كان ذالك فى المال وجب أداؤه عيناأودينا مادام مقدوراعليه (القواعد للزركشي ج2 ص245 بيروت                   

And Allah knows best

01 ٍSafar 1441/ 01 October 2019

Answer last updated on:
13th October 2019
Answered by:
Ulamaa ID 04
Location: London