`

Tag: Islam and banking


08
Feb 2019
Confused about Mortgages

Stuck between a Rock and Hard Place. Confused.com …about Mortgages, Insurance and Banking The Dangers of Riba Riba literally means increase. Known widely as ‘interest’ and ‘usury’, it is the charge levied for ‘using’ money. In other words, it is where one party makes a profit through lending to another party. It is the increase of money without risk and without effort. Imam Bukhari narrated that the Prophet (peace be on him) related what he saw in a dream: ‘… we came to a red river like blood, I saw a man......

Read More