It is impermissible to take any kind of loan in which the lender makes a monetary investment in expectation of a percentage payout, because...
Notarizing Interest-Based Transaction
Notarizing an interest-based transaction is impermissible since those who assist in an interest-based transaction are as culpable as those who deal...
Notarizing an interest-based transaction is impermissible since those who assist in an interest-based transaction are as culpable as those who deal...
Giving Interest Income In Charity
It is impermissible to deal in interest with the intention of giving the benefit away in charity (the forbidden always takes precedence over the...
It is impermissible to deal in interest with the intention of giving the benefit away in charity (the forbidden always takes precedence over the...
Logic Behind Prohibition Of Interest
The argument is that because any unit of capital is worth more today than it is tomorrow, providers of capital should be compensated for foregoing...
The argument is that because any unit of capital is worth more today than it is tomorrow, providers of capital should be compensated for foregoing...
Charging Interest
It is unlawful to charge any kind of interest rate, whether floating or fixed, on a sum of money, though it is lawful to agree before transacting...
It is unlawful to charge any kind of interest rate, whether floating or fixed, on a sum of money, though it is lawful to agree before transacting...
Permissibility Of Interest-Bearing Accounts
All interest-bearing bank accounts, however low the interest rate, are impermissible to maintain; in the rare event that there is absolutely no...
All interest-bearing bank accounts, however low the interest rate, are impermissible to maintain; in the rare event that there is absolutely no...
Prohibition Of Riba As Applying To The Poor
Besides the fact that the prohibition refers to everyone, at a practical level it is impossible to apply a quantitative standard (interest rates)...
Besides the fact that the prohibition refers to everyone, at a practical level it is impossible to apply a quantitative standard (interest rates)...
Amwaal E Ribawiya
Goods which, when exchanged with one another, result in the accrual of interest by either party are referred to as Amwaal e Ribawiya. Six such...
Goods which, when exchanged with one another, result in the accrual of interest by either party are referred to as Amwaal e Ribawiya. Six such...
No, it would not be permissible for the company to engage in borrowing on interest and providing financing Islamically.
The Definition Of Riba
The word riba refers to any excess, increase or additional compensation that is not in exchange for a due consideration. There are two main types...
The word riba refers to any excess, increase or additional compensation that is not in exchange for a due consideration. There are two main types...
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