02-18-2005, 05:13 AM
[code]
Such a payment is neither Interest nor Riba
[/code]
such payment is profit (share of profit) the principle of Modarba.
The provision under the Law of necessity are the exclusions only provided by Allah SBT. Even the Holy prophet did not provide any exclusions under the Law of Necessity. I dont think the law of necessity can be used to draw out exceptional circumstances and justify int/riba.
You dont have to scroll through loads of material to obtain the basic understanding of int.riba. Its the first quarter of the third para the provisions are crystal clear. The regulation mainly points to charging the int. while paying is left open.
Now its down to your own belief and acceptance as to how you wish to apply it in your own life.
Such a payment is neither Interest nor Riba
[/code]
such payment is profit (share of profit) the principle of Modarba.
The provision under the Law of necessity are the exclusions only provided by Allah SBT. Even the Holy prophet did not provide any exclusions under the Law of Necessity. I dont think the law of necessity can be used to draw out exceptional circumstances and justify int/riba.
You dont have to scroll through loads of material to obtain the basic understanding of int.riba. Its the first quarter of the third para the provisions are crystal clear. The regulation mainly points to charging the int. while paying is left open.
Now its down to your own belief and acceptance as to how you wish to apply it in your own life.
