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.
Egypt's currency:
Turkey's currency:
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:
Riba is interest. Quit promoting riba.
You are wrong and there are plenty of scholars who disagree with.
I agree with you. I assume you don't use banks or fiat currencies? Life off the grid?Riba is interest. Quit promoting riba.
Which scholars say interest is halal?
Even Yasir Qadhi, Mufti Menk and them won't say it's halal.
Brudda u need to name these scholars I will make takfir on them immediately this is not up to debate interest is haramYou 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.
I agree with you. I assume you don't use banks or fiat currencies? Life off the grid?
Dude interest is built into fiat currency mechanism lol, econ 101Which 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