Is interest haram?

[Apollo]

Egypt's currency:

Turkey's currency:

 

[Omar del Sur]

Look at that chart.

So a bank in North Sudan should lend out money while the government keeps on printing it and inflating it away?

During the early Islamic era they used Gold which was not printable. Riba refers to interest rate on GOLD, not on dirty government papers.

My argument is that interest is haraam. No one who believes in the Quran should any issue with that.

As for this Sheikh Imran Hosein theory that modern currency is haraam.... what real scholars back that theory?

What I've said here is backed by pretty much any real scholar. As for this Sheikh Imran Hosein theory that modern currency is haraam.... what real scholars back that theory?

 

[Omar del Sur]

Egypt's currency:

Turkey's currency:

whatever the shape of the graph, interest is haraam.

Islam is based on Quran and Sunnah. It isn't based on these graphs.

 

[Apollo]

My argument is that interest is haraam. No one who believes in the Quran should any issue with that.

As for this Sheikh Imran Hosein theory that modern currency is haraam.... what real scholars back that theory?

What I've said here is backed by pretty much any real scholar. As for this Sheikh Imran Hosein theory that modern currency is haraam.... what real scholars back that theory?

Riba = interest on this:

Not this:

 

[Omar del Sur]

Riba = interest on this:

Riba is interest. Quit promoting riba.

 

[Apollo]

Riba is interest. Quit promoting riba.

You are wrong and there are plenty of scholars who disagree with your stance on this. Secondly, all Islamic Banks charge fees which they only change the wording of but it still is interest.

 

[Omar del Sur]

You are wrong and there are plenty of scholars who disagree with.

Which scholars say interest is halal?

Even Yasir Qadhi, Mufti Menk and them won't say it's halal.

 

[Reformed J]

Riba is interest. Quit promoting riba.

I agree with you. I assume you don't use banks or fiat currencies? Life off the grid?

 

[Omar del Sur]

if you say interest is halal, you might as well be saying zina is halal

 

[Apollo]

Which scholars say interest is halal?

Even Yasir Qadhi, Mufti Menk and them won't say it's halal.

Islamic countries print fiat currency which forces banks to charge interest rates.

Ironically, interest rates are lower in the West than they are are Muslim countries with 20% inflation rates per year.

Look at Lebanon:

 

[Omar del Sur]

How does that prove interest is halal?

Also, where are the scholars you said agree with you that interest is halal?

 

[Djokovic]

You are wrong and there are plenty of scholars who disagree with your stance on this. Secondly, all Islamic Banks charge fees which they only change the wording of but it still is interest.

Brudda u need to name these scholars I will make takfir on them immediately this is not up to debate interest is haram

 

[Omar del Sur]

I agree with you. I assume you don't use banks or fiat currencies? Life off the grid?

Which actual scholars say modern currency is haraam? I don't consider Imran Hosein a legit scholar.

 

[Apollo]

No offence, but you guys are retarded if you think not charging interest rates on heavily printed MENA currencies can work economically.

Absolutely ridiculous. Not even worth debating.

This is why Islamic Banks swindle you morons by just changing the words on a contract.

 

[Reformed J]

Which actual scholars say modern currency is haraam? I don't consider Imran Hosein a legit scholar.

Dude interest is built into fiat currency mechanism lol, econ 101

 

[Apollo]

Dude interest is built into fiat currency mechanism lol, econ 101

@Omar del Sur

Buy some bitcoin, thank me later.

https://www.coinbase.com/

 

[Djokovic]

I don’t trust banks as they are all involved in interest I keep my money in gold crypto or under my bed akh

I don’t trust Islamic banks either as some of them get verification from fake scholars by paying them

 

[Muzaffer]

the final nail in the coffin of riba defenders.

يَا أَيُّهَا الَّذِينَ آمَنُوا لَا تَأْكُلُوا الرِّبَا أَضْعَافًا مُضَاعَفَةً ۖ وَاتَّقُوا اللَّهَ لَعَلَّكُمْ تُفْلِحُونَ

O you who believe! do not practice usury and interest involving multiple additions, and keep your duty to Allâh and take Him as a shield so that you may prosper.

 

[Omar del Sur]

Who regards Riba as permissible is a kaffir and the link in the third posts refutes the attempts to defend interest or to redefine Riba in such a way that interest is not considered Riba

Regarding riba as permissible

Regarding riba as permissible Question What is the ruling on regarding riba as permissible? Thank you very much. Answer Praise be to Allah. Riba is forbidden according to the Qur’aan and Sunnah, and definitive scholarly consensus. Whoever regards it as permissible is a kaafir, because the...

www.somalispot.com

 

[Apollo]

@Omar del Sur