interest and islam

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interest and islam

Owais Bhai
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#144

01-27-2009, 07:21 PM

Dear Shoaib

Perception about interest that it may be allowed to the extent to compensate the inflation is wrong.In principle interest has been forbidden to discourage concentration of money and putting at the sole discretion e.g the banks which do not assume risks associated with the investment of that money as they get agreed reward on their lendings irrespective of the use and outcome therof. Islam encourage to get reward by taking risk of loss so that one should make the best use of his money thereby not just making it benefitial for himself but for the society and economy.

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interest and islam - by mintblue - 01-12-2004, 11:17 PM

RE: interest and islam - by Linkin Park - 03-04-2015, 04:10 PM

[No subject] - by KJK - 02-07-2004, 04:09 AM

[No subject] - by KJK - 02-07-2004, 04:20 AM

[No subject] - by webmoxter - 02-08-2004, 01:56 PM

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[No subject] - by webmoxter - 02-15-2004, 01:54 AM

[No subject] - by jbladeus - 02-15-2004, 06:33 AM

[No subject] - by mintblue - 02-22-2004, 04:19 AM

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[No subject] - by sumaaan - 03-14-2004, 07:48 AM

[No subject] - by fidarsi - 03-17-2004, 07:16 PM

RE: interest and islam - by smraza - 03-18-2004, 09:12 PM

[No subject] - by sumaaan - 03-19-2004, 07:00 AM

[No subject] - by fidarsi - 03-19-2004, 09:28 PM

[No subject] - by sumaaan - 03-20-2004, 05:17 AM

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