Prohibition of Riba and its rationale : is the prohibition of Riba based on exploitation ?

السؤال

I have heard from many sheikhs that interest rates are Haram, but no one ever gave me a convincing reason why this is so. According to my humble knowledge, all Ayat in the Holy Qur'an that mention the subject of Riba talk about exploitation and do not mention anything about fixed interest rates. I would really appreciate it of you provide me with a detailed Fatwa or references I can read about the issue. I have a BA in economics and I do understand economic terms very well. My second question is about whether insurance is Haram or Halal.

جواب الفتوى

أنقر هنالمشاهدة هذا المحتوى

تاريخ النشر

2002-03-02

التخصصات الرئيسية

العلوم الاقتصادية والمالية وإدارة الأعمال
العلوم المالية و المحاسبية
الدراسات الإسلامية

الموضوعات

• الفقه الإسلامي
• الربا

عدد الصفحات

3

نوع البيانات

فتاوى

لغة النص

الإنجليزية

رقم السجل

BIM-725628

• APA
• MLA
• AMA