interest and islam

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interest and islam

sumaaan
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#38

06-24-2004, 02:41 PM

<BLOCKQUOTE id=quote><font size=1 face="Verdana, Tahoma, Arial" id=quote>quote<hr height=1 noshade id=quote>
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

<hr height=1 noshade id=quote></BLOCKQUOTE id=quote></font id=quote><font face="Verdana, Tahoma, Arial" size=2 id=quote>

There is a significant but delicate difference between Interest and Riba... Interest can be Riba, but not always.

And yes the Interest in Shariah is not Riba... Just like Al-Meezan Bank, they offer Interest, but that is not Riba.

The problem with us these days, including me is, we don't have sound basics of Islamic trends and customs... I would highly recommend everyone to once visit Al-Meezan Bank.

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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

[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

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