Why is Interest (Riba) Haram?
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Adheer Warsame
#TMT
I'm not Muslim but I'm trying to help out
Hope it helps
Hope it helps
TheLibertarianQuiche
Quintessentially negroid: Your problem?
Making money off a loan isn't haram but interest is.
I think the concept of having the amount of profit you make fluctuate over time is haram not the idea of making money.
If you agree that there will be a $5 on top of a $50 dollar loan, then that's not haram.
I think the concept of having the amount of profit you make fluctuate over time is haram not the idea of making money.
If you agree that there will be a $5 on top of a $50 dollar loan, then that's not haram.
But isn't that not the exact definition of interest. Making money from the renting of money.
What is your definition of interest?
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cismaan maxamuud
interest is when money continues to accumulate over a period of time.For example if i give you 20 bucks and i tell that for every week that you pass from the repayment date you must pay an additional 20 bucks
https://islamqa.info/en/129458
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Somali psycho
~Bakool~
I think it was to prohibit predatory interest rates.
Riba (interest and/or usury) is forbidden in Islamic Sharee’ah as it was forbidden in other monotheist religions. Allah Says (what means) about the Jews: {And [for] their taking of usury while they had been forbidden from it, and their consuming of the people’s wealth unjustly.} [Quran 4: 161[
The reason behind forbidding it is clear. It is consuming the belongings of people without legal right. Riba also gives the rich people monopoly of all the money and does not help the poor.
Also, giving loans with interest results in hatred and enmity between people and it causes severing of relations between them. Islam calls for unity while Riba causes disunity in the single Muslim nation. Islam also urges rich people to be compassionate towards the poor while Riba results in the opposite.
Allah Knows best.
Read this: http://www.questionsonislam.com/question/why-interest-forbidden
The reason behind forbidding it is clear. It is consuming the belongings of people without legal right. Riba also gives the rich people monopoly of all the money and does not help the poor.
Also, giving loans with interest results in hatred and enmity between people and it causes severing of relations between them. Islam calls for unity while Riba causes disunity in the single Muslim nation. Islam also urges rich people to be compassionate towards the poor while Riba results in the opposite.
Allah Knows best.
Read this: http://www.questionsonislam.com/question/why-interest-forbidden
TheLibertarianQuiche
Quintessentially negroid: Your problem?
The definition of interest today is different from then. Also there are muslim banks that make crap-ton of money from the formulae highlighted by me earlier.
That is still ribba. I think there is a hadith about giving someone a bad date(timir) for a future good date is the equivalence to having sexual relations with your own mother
From Abu Hurayrah: The Prophet, peace be on him, said: "There will certainly come a time for mankind when everyone will take riba and if he does not do so, its dust will reach him." (Abu Dawud, Kitab al Buyu, Bab fi ijtinabi al shubuhat; also in Ibn Majah).
The Prophet (SAW) spoke the truth.
The Prophet (SAW) spoke the truth.
Are you muslim?
OmarLittle
Not your typical Farah
I agree, but I wouldn't be due to capitalism. Are you econ major or something, it's rare for me to see Xalimos that are into money/capitalism/federal reserve ect according to your other comments on here.
My understanding is you not allowed to make a profit on lending. You have to expect only what you gave.
@TheLibertarianQuiche
I reckon what islamic banks do is you will walk in and say you want a car and the car cost 20k. They will then buy the car outright. Then they will agree a payment plan of say 500 a month. But they will add profit on top of the price of the car. thats what i have been told and its how they avoid riba. because they bought the car added a profit to it and sold it to you.
@TheLibertarianQuiche
I reckon what islamic banks do is you will walk in and say you want a car and the car cost 20k. They will then buy the car outright. Then they will agree a payment plan of say 500 a month. But they will add profit on top of the price of the car. thats what i have been told and its how they avoid riba. because they bought the car added a profit to it and sold it to you.
TheLibertarianQuiche
Quintessentially negroid: Your problem?
Fair enough.
TheLibertarianQuiche
Quintessentially negroid: Your problem?
That's what I was alluding to. They purchase the product and sell it to you for a higher price.
what other comments? and I'm just a conspiracy theorist not an econ major LoL.
OmarLittle
Not your typical Farah
I noticed you liking more pro-capitalism comments than socialist/communist on here, unless I'm confusing you for another member loool.
Even a Xalimo conspiracy theorist is interesting. Most Xalimos I noticed are hardcore social warriors. So, it's interesting to see a different kind of Xalimo
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