02-07-2004, 04:20 AM
Assalam O Alaikum
My dear
First of all I would like to congratulate you on joining ACCA.I am also a student of ACCA.
I totally agree with you on the matter you have discussed/asked.My Concept is that the person who lends money has the fundamental right to enjoy the same facilities of money lended by him to the borrower after the decided period of time.
In Islam I think that both the parties are considered not to bear any additional burdon of money by both the lender and the borrower.
This was my view , but if you have any other information then please let me inform about that because for sometime I myself remained quite puplexed on this issue.
My dear
First of all I would like to congratulate you on joining ACCA.I am also a student of ACCA.
I totally agree with you on the matter you have discussed/asked.My Concept is that the person who lends money has the fundamental right to enjoy the same facilities of money lended by him to the borrower after the decided period of time.
In Islam I think that both the parties are considered not to bear any additional burdon of money by both the lender and the borrower.
This was my view , but if you have any other information then please let me inform about that because for sometime I myself remained quite puplexed on this issue.