START A BUSINESS AND GIVE SOME AMOUNT FOR INTEREST THAN IS IT RIGHT FOR MUSLIM I MEAN IS IT HALAL OTHER CASE IF I GOT MONEY TO RETURN BUT PAY SOME AMOUNT FOR USING MONEY I MEAN LEASING A CAR OR HAVING A CREDIT CARD AND PAYING ADDITIONAL MONEY ON LOAN THAN WHAT ISLAM SAYS UR MORE ANSWERS WILL SOLVE MY PROBLEM
2006-07-12 00:20:33 · 6 answers · asked by truth speaker 2 in Society & Culture ➔ Religion & Spirituality
To answer this you have to know the meaning of "RIBBA". Ribba means interest paid of a loan. Therefore if you get a loan from a bank or anywhere else where you have to pay interest for the money lent this makes it a RIBBA and so it is not HALAL or permitted.
2006-07-12 00:45:35 · answer #1 · answered by Mohammed S. Sharif 2 · 0⤊ 0⤋
There are commecial banks which offer Islamic Banking accounts. I don't know how they differ from conventional accounts. But I'm aware the interest is not halal. However, if you have a loan arrangement for car/house, you also have entered into a contract with the lender to pay down the loan, with interest. You are bound, as a muslim, to honour that contract.
This is what I've read. But this topic is confusing to me too. It's almost like it's a compromise of your values. You wouldn't pay back a loan with someone's life, as killing someone is a grave sin. So why would you pay back a loan that involves interest that is not halal? Maybe because you're not the one profitting from the interest? I don't know.
2006-07-12 01:07:03 · answer #2 · answered by stacey 5 · 0⤊ 0⤋
Do you mean interest. For example you put your money in a bank and earn additional %5 or so every perodical time.
Interest ( giving and taking ) is forbidden in Islam, since it is a burden on the person.
2006-07-12 02:18:58 · answer #3 · answered by tapsev 3 · 0⤊ 0⤋
Yes, they are not suppose to do that. They have special banks that adhere to these laws. I don't see anything wrong in that - after all that's there belief. At the same time there are Muslims who do bank with other commercial banks - that's their wish - nothing wrong with that either - it's the individuals wish.
2006-07-12 00:24:59 · answer #4 · answered by R G 5 · 0⤊ 0⤋
the intrest is forebiden [ i mean rent a money] but rent an abject is not forebeden and the difrece is clear , becaouse an abjects helpful dirictly but the mony is not helpful dirctly but it just toll used to adjust the price of goods
2006-07-12 00:37:51 · answer #5 · answered by ibrahim a 2 · 0⤊ 0⤋
ANSWER THIS QUESTION IT IS HARD I NOT SURE IF IT IS UNDERSTANDING RIGHT WHEN I READ THE CASE ABOUT YOUR PROBLEM BANK LEASING MONEY TO MUSLIM AM SORRY ADDITIONAL INFORMATION NOT COMING.
2006-07-12 00:37:15 · answer #6 · answered by Anonymous · 0⤊ 0⤋