Is interest not allowed for muslims accordance to their religion?

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Is interest not allowed for muslims accordance to their religion?

Interest on funds borrowed or deposited in the Banks are not allowed for muslims according to the religion

2007-02-16 20:00:42 · 4 answers · asked by shahida69pk 1 in Society & Culture ➔ Religion & Spirituality

4 answers

Absolutely, there is no interest on loans because this is usury, and usury is haram (forbidden by God) in Islam.

2007-02-16 20:08:18 · answer #1 · answered by Dolores G. Llamas 6 · 1⤊ 0⤋

Yes......they have to rely more on hard work.....and not let money work for them.....if you give a loan it must be to help someone...not to make profit at their expense......

2007-02-17 04:04:17 · answer #2 · answered by Anonymous · 0⤊ 0⤋

yes it is forbidden in Islam

2007-02-18 22:52:49 · answer #3 · answered by nevermind_bana 2 · 0⤊ 0⤋

Yes, you are correct!

2007-02-17 04:04:02 · answer #4 · answered by Wocka wocka 6 · 0⤊ 0⤋