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14 / 07 / 2026
Please note: this fatwa has been translated by artificial intelligence.
The Difference Between Current Debt and Deferred Debt
What is the difference between current debt and deferred debt? Are bank loans considered deferred debt? For example, if I borrowed ten thousand from the bank and I have to pay the bank seven hundred dinars every month, does that mean that everything except seven hundred is considered deferred debt with interest?
Answer
I say, and with God's help: The immediate debt is what is required from you immediately, and the deferred debt is what is required from you after a month, and God knows best.
