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interest and islam
02-16-2009, 02:12 PM
Post: #148
 
AOA all those r out there n those who ain't...
one aspect that I know, which I know that is not comprehensive, is that as per Islamic guidlines one shud accept all risks n rewards. now, in lending the money one takes back original amount plus premium called interest. that interest covers risk for currency devaluation but not solely that risk it also covers time premium. so the lender is not accepting risks of lending the money i.e. in the interst rate (s)he is covering him/herself from every risk. now if one lets out his property on rent, although he takes premium in the form of rentals but he receives his property at market value.
i would like some1... ne1 correcting me where i m wrong but thats my opinion, hey evry1 has right to xprss opinion, rite

"Do not confuse excellence withh perfection. Excellence, I can work for, perfection..., it's God's business."
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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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