Categories
Answers: 42Ribaa (interest or usury) & Money Exchange
- 24,109
Using credit cards in cases of necessity
- 6,707
It is not permissible to impose a penalty for delay in praying off a debt
- 22,639
Bank’s interest is called riba (usury) in sharee’ah
- 37,520
Should he go for an interest-based mortgage if that is cheaper than renting?
- 12,734
Transferring money from one currency to another
- 10,926
It is not permissible for the vendor to charge extra to the one who makes late payments
Is It Permissible to Take Riba-Based Loan for a Need?
Taking a Riba-based loan is not permissible in Islam regardless of the level of need or hardship. The severe prohibition against Riba, supported by the Quran and Sunnah, serves as a stern warning to Muslims to seek lawful alternatives.77,659- 14,784
This is the essence of ribaa
- 14,640
Ruling on buying a mosque with an interest-based loan
- 5,795
Lender referring a third party to debtor for extra money
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