interest and islam

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interest and islam

farazthegreat
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#24

03-29-2004, 01:05 AM

Here's a thought....
If I lend my friend RS. 1 lac and for ten years, I can't charge him anything extra regardless of whatever inflation takes place during that period. But if instead of money I lend him, say, 1 KG Gold (worth 1 lac just for simplicity), after ten years, he will have to return me 1 KG gold. Now if the price of gold has doubled, will the extra lac be considered interest/Riba (whichever is appropriate) and is it Haram. If not, why can't we use something like this to counter inflation.

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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

[No subject] - by webmoxter - 02-08-2004, 01:58 PM

[No subject] - by Sohaib_Ah - 02-10-2004, 12:18 AM

[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

[No subject] - by k.kamran - 03-02-2004, 06:45 PM

[No subject] - by Khan - 03-04-2004, 04:22 PM

[No subject] - by fidarsi - 03-12-2004, 07:17 PM

[No subject] - by smraza - 03-13-2004, 03:02 PM

[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

[No subject] - by smraza - 03-22-2004, 04:20 PM

[No subject] - by sumaaan - 03-24-2004, 09:22 AM

[No subject] - by fidarsi - 03-24-2004, 09:03 PM

[No subject] - by sumaaan - 03-25-2004, 04:08 AM

[No subject] - by farazthegreat - 03-29-2004, 01:05 AM

[No subject] - by Apocalypse - 03-29-2004, 02:30 AM

[No subject] - by sumaaan - 04-05-2004, 09:33 PM

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