Is interest a compensation for inflation ? : is the prohibition of Riba affected by inflation
Fatawa Question
My question to you is related to Riba. Some people claim that Islam has prohibited Riba not interest. They differentiate it buy saying that interest is charged on normal market and inflation rate on the other hand what Islam has prohibited is exploitation which is higher interest or (usury). Please guide me through the proper concept of Islam regarding Riba
Fatwa
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Publication Date
2002-04-16
Main Subjects
Economics & Business Administration
Financial and Accounting Sciences
Religion
Islamic Studies
Topics
No. of Pages
1
Data Type
Fatawa
Language
English
Record ID
BIM-724006
American Psychological Association (APA)
Qahf, Mundhir. 2002-04-16. Is interest a compensation for inflation ? : is the prohibition of Riba affected by inflation. .
https://search.emarefa.net/detail/BIM-724006
Modern Language Association (MLA)
Qahf, Mundhir. Is interest a compensation for inflation ? : is the prohibition of Riba affected by inflation. 2002-04-16.
https://search.emarefa.net/detail/BIM-724006
American Medical Association (AMA)
Qahf, Mundhir. 2002-04-16. Is interest a compensation for inflation ? : is the prohibition of Riba affected by inflation.
https://search.emarefa.net/detail/BIM-724006
