interest and islam

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interest and islam

AIM
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#37

06-24-2004, 07:24 AM

Hi

How is interest the main reason for inflation? Europe and US are trying to control inflation. If they were to lower the interest rate to NIL, I believe the inflation would increase.

If interest is Haram, then what are the alternatives to use? The Sharia product such as leasing, markups etc are essentially the same as interest, just a different name to please the Mullahs.

Since we are not living in a pure Islamic world, including the social aspects, trust between people etc, I guess there is no choice but accept interest as a way of life.

Regards

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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 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

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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

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