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interest and islam
03-05-2005, 04:42 AM
Post: #96
 
If someone takes interest according to the quran is waging a war against Allah(swt)and the ayah in surah al baqrah which talks about interest is the longest ayah of the quran. I think other posts have done a good job in clarifying the concept in general. I can tell you one thing for sure according to kensian econ theories, interest is the reward for parting with liquidity for a particular period . The way our economic systems work have an assumption of interest based models.
Inflation is one of those assumtions , therefore if some thing is haram we should aviod it. It would be a fruitless debate to justify the concept of modren intested which is much more than just usury....

Regards
Hamim
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interest and islam - mintblue - 01-12-2004, 11:17 PM
RE: interest and islam - Linkin Park - 03-04-2015, 04:10 PM
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