interest and islam

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interest and islam

syedhassan
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#80

02-14-2005, 04:56 AM

<blockquote id="quote">quote<hr height="1" noshade id="quote">Originally posted by Azeem Shah Khan
 Dear Hasan

I won't say that i disagree with you, you rightly said that QURAN is the ultimate guide and we should consult Quran what it says about the topic. There is NO doubt whatsoever that it prohibits Riba, the issue is what RIBA really is? If i agree with your interpretation of Riba then it will become very difficult to prohibit most kinds of interest prevailing in the market, whether it is on a commercial loan or a personal/mortgage loan as in both the cases borrower is usually happy to pay the interest. For e.g I am a business man and i want a loan for xxxx amounts, i will be more than happy to pay interest on it because i know i will be able to ROLL OVER the lended money several times in a year thus able to generate money in excess of the interest rate (i hope you are aware with the concept of Velocity Of Money).

to cut the long story short, there is a need to understand the true meaning of Riba, and if possible avoid it as much as possible.

kind regards

"You don't get to choose how you're going to die. Or when. You can only decide how you're going to live. Now."
<hr height="1" noshade id="quote"></blockquote id="quote">
hi back.. AZIM BHAI..
i just felt that i missed some thing in my post, as soon as i had clicked...but couldnt figure it out..
what i actually missed was...
"THE ONLY DIALLOWED IN ISLAM IS.. THE INTEREST ON LOAN OR THE MONEY LENT"
AND
"ITEREST ON DEPOSIT (AMANAT) ON THE OTHER HAND, IS FAIR AND PURE..
AS THE AMANAT REMAINS AMANAT and the INTEREST IS some PART OF the BENEFIT EARNED.."
AND ABOUT MR CANADA... HE ALSO SEEMS MUCH RIGHT, AS I SURELY... ONCE READ ABOUT INTEREST AND USERY IN THE TRANSLATION OF the HOLY QURAN..

I DONT SAY I'M ABSOLUTELY RIGHT,
COZ YOU KNOW UR NEVER PERFECT...
REGARDS...
SYEDHASSAN..

ACCA

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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

[No subject] - by KJK - 02-07-2004, 04:20 AM

[No subject] - by webmoxter - 02-08-2004, 01:56 PM

[No subject] - by webmoxter - 02-08-2004, 01:58 PM

[No subject] - by Sohaib_Ah - 02-10-2004, 12:18 AM

[No subject] - by webmoxter - 02-15-2004, 01:54 AM

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

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

[No subject] - by k.kamran - 03-02-2004, 06:45 PM

[No subject] - by Khan - 03-04-2004, 04:22 PM

[No subject] - by fidarsi - 03-12-2004, 07:17 PM

[No subject] - by smraza - 03-13-2004, 03:02 PM

[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

[No subject] - by sumaaan - 03-20-2004, 05:17 AM

[No subject] - by smraza - 03-22-2004, 04:20 PM

[No subject] - by sumaaan - 03-24-2004, 09:22 AM

[No subject] - by fidarsi - 03-24-2004, 09:03 PM

[No subject] - by sumaaan - 03-25-2004, 04:08 AM

[No subject] - by farazthegreat - 03-29-2004, 01:05 AM

[No subject] - by Apocalypse - 03-29-2004, 02:30 AM

[No subject] - by sumaaan - 04-05-2004, 09:33 PM

[No subject] - by smrizvi68 - 04-23-2004, 09:46 PM

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[No subject] - by Azeem Shah Khan - 06-13-2004, 06:33 AM

[No subject] - by Azeem Shah Khan - 06-19-2004, 04:05 AM

[No subject] - by s_o_h_a_i_b - 06-21-2004, 05:15 AM

[No subject] - by s_o_h_a_i_b - 06-23-2004, 06:42 AM

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[No subject] - by Azeem Shah Khan - 09-16-2004, 06:15 AM

[No subject] - by tery_batman - 09-17-2004, 01:54 AM

[No subject] - by Azeem Shah Khan - 09-17-2004, 03:36 AM

[No subject] - by Azeem Shah Khan - 09-21-2004, 06:56 AM

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[No subject] - by Azeem Shah Khan - 12-24-2004, 11:52 PM

[No subject] - by syedhassan - 02-12-2005, 05:41 PM

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[No subject] - by MALIK FARRUKH - 02-13-2005, 05:23 PM

[No subject] - by syedhassan - 02-14-2005, 04:56 AM

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[No subject] - by Azeem Shah Khan - 04-29-2005, 07:56 AM

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