Inflation in the Islamic system : can inflation happen under an Islamic system ?
Fatawa Question
As Salamu Alaikum my question is about interest (Riba). Suppose if I give loan of some amount to someone, who returns the same amount of money in two years or more, now the amount I gave him has now depreciated in value, so in effect I am actually getting less money as compared to the money I gave him. Had I used that money in my business I would have got some profit. Does Islamic Shari’ah recognize this or this is a western way of thinking. Your answer will be greatly appreciated. Regards
Fatwa
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Publication Date
2002-04-18
Main Subjects
Economics & Business Administration
Financial and Accounting Sciences
Islamic Studies
Topics
No. of Pages
1
Data Type
Fatawa
Language
English
Record ID
BIM-724093
American Psychological Association (APA)
Qahf, Mundhir. 2002-04-18. Inflation in the Islamic system : can inflation happen under an Islamic system ?. .
https://search.emarefa.net/detail/BIM-724093
Modern Language Association (MLA)
Qahf, Mundhir. Inflation in the Islamic system : can inflation happen under an Islamic system ?. 2002-04-18.
https://search.emarefa.net/detail/BIM-724093
American Medical Association (AMA)
Qahf, Mundhir. 2002-04-18. Inflation in the Islamic system : can inflation happen under an Islamic system ?.
https://search.emarefa.net/detail/BIM-724093
