Islamic Finance: A popular question about profit vs. interest
Question: What is the difference between profit made through trade and profit made through interest?
Tag: interest
The Irreversible Prohibition of Riba (usury/interest)
Riba is any increase stipulated on a loan (money), where one is required to pay more than they borrowed
The impeccable description of usury by ‘The Merchant of Venice’
Islam does not distinguish only between the minimal and exorbitant rates of interest. Both are equally prohibited.
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