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Is interest haram?

 
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Is interest haram?
smraza
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#5
08-15-2003, 06:35 AM
Agreed with pervez,
but i would like to add something more, in stock market you have two kind of returns , one is dividend and other is capital gain (or may be loss),

If at the time of investment you are known about the return then it is interest, and if you r not known then it is profit,

You are right evolution about the one concept with two names, but one thing you should think about that, if you take loan of Rs.5000 today and the lender asks you to value the loan on the current rate of gold, say it comes to 1 tola, and you have to return it in value equivalent to 1 tola of gold after 1 year, and at the time of maturity you pay Rs. 5500, as the prices of gold rose, then what will you say this difference of Rs. 500, ?? is it profit or interest ??????
isnt it little bit confusing ???/

S M R

Edited by - smraza on Aug 15 2003 013609 AM
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Messages In This Thread
Is interest haram? - by Evolution - 08-13-2003, 08:25 PM
[No subject] - by sumaaan - 08-13-2003, 10:13 PM
[No subject] - by Pervez - 08-14-2003, 04:01 AM
[No subject] - by sumaaan - 08-15-2003, 05:30 AM
[No subject] - by smraza - 08-15-2003, 06:35 AM
[No subject] - by Omar Salah Ahmed - 08-15-2003, 02:18 PM
[No subject] - by n/a1 - 08-15-2003, 07:14 PM
[No subject] - by sumaaan - 08-15-2003, 08:04 PM
[No subject] - by n/a1 - 08-16-2003, 10:00 PM
[No subject] - by smraza - 08-17-2003, 02:30 AM

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