02
Apr 2024
Dealing with interest is haram Dealing with interest (riba) is haram. Some might not consider this haram, but it is completely prohibited, because Allah Almighty stated in the Quran, in Surat al Baqarah: Allah has made trading lawful and forbidden usury (2:275) The prohibition of taking interest is very clear not only from the Quran but also from the Prophet’s Farewell Sermon (peace be on him) so there is no doubt about the prohibition of interest. To access and deal with interest is haram. Is the Student Loan permissible? The BBSI published......
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17
Dec 2020
Are mortgages halal? In Islam usury is clearly forbidden. It is a major sin and is one of the seven gravest ones. Those who commit it are considered as waging war against Allah Almighty and His Prophet (peace be on him). Fiqh Councils throughout the Muslim World state that bank interest is usury. Those who take ribā (usury or interest) will not stand but as stands the one whom the demon has driven crazy by his touch. That is because they have said: “Sale is but like ribā.’’, while Allah has permitted......
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