interest and islam

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interest and islam

Hamim
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#96

03-05-2005, 04:42 AM

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 - by mintblue - 01-12-2004, 11:17 PM

RE: interest and islam - by Linkin Park - 03-04-2015, 04:10 PM

[No subject] - by KJK - 02-07-2004, 04:09 AM

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[No subject] - by jbladeus - 02-15-2004, 06:33 AM

[No subject] - by mintblue - 02-22-2004, 04:19 AM

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[No subject] - by sumaaan - 03-14-2004, 07:48 AM

[No subject] - by fidarsi - 03-17-2004, 07:16 PM

RE: interest and islam - by smraza - 03-18-2004, 09:12 PM

[No subject] - by sumaaan - 03-19-2004, 07:00 AM

[No subject] - by fidarsi - 03-19-2004, 09:28 PM

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