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Forums Forums Islamic Sharia HOW TO REPAY DEBT TO A CLOSED BANK

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  • HOW TO REPAY DEBT TO A CLOSED BANK

    Posted by Mati Ur Rahman on November 2, 2021 at 6:24 am

    I got some benefits (Money) from a bank some years ago due to their technical fault, which latter they ask me to return I refund 3/4th but 1/4th is still remaining. I couldn’t refund that time.

    Now i want to pay them back, and take off the burden of my head, but the issue is that specific bank has been officially closed, and not working.

    Kindly tell me the solution

    Umer replied 2 years, 3 months ago 2 Members · 1 Reply
  • 1 Reply
  • HOW TO REPAY DEBT TO A CLOSED BANK

    Umer updated 2 years, 3 months ago 2 Members · 1 Reply
  • Umer

    Moderator November 2, 2021 at 7:13 am

    If the party is no longer available then you don’t need to go out of your way to pay them. But as soon as the other party becomes identifiable, then you should be ready to pay them. However, if it is certain that the bank is closed for good and there’s no chance for it’s merger or acquisition by another bank, then to achieve your peace of mind, you can do charity for that amount. A similar question was asked to Ghamidi Sahab recently, to which he commented as follows:

    Please refer to the video below from 19:37 to 21:06

    https://youtu.be/AhtsALu32_k?t=1177

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