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Can banks operate without interest (Riba)
Fatawa Question
1. I know that Riba is a sin. But how should banks operates if they don't take interests ? 2. I was planning to start my business but the only way of acquiring capital at the moment is by taking a bank loan. I decided not to the loan for I know that Riba is against the Shari’ah. Does it mean that it is very difficult for us poor Muslims to start our own business or is there another way of getting business loan according to Shari’ah ? Thanks.
Fatwa
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Publication Date
2002-09-08
Main Subjects
Economics & Business Administration
Financial and Accounting Sciences
Religion
Islamic Studies
Topics
Data Type
Fatawa
Language
English
Record ID
BIM-724575
American Psychological Association (APA)
Qahf, Mundhir. 2002-09-08. Can banks operate without interest (Riba). .
https://search.emarefa.net/detail/BIM-724575
Modern Language Association (MLA)
Qahf, Mundhir. Can banks operate without interest (Riba). 2002-09-08.
https://search.emarefa.net/detail/BIM-724575
American Medical Association (AMA)
Qahf, Mundhir. 2002-09-08. Can banks operate without interest (Riba).
https://search.emarefa.net/detail/BIM-724575