Prohibition of Riba and its rationale : interest and Riba ?
Fatawa Question
Assalamu Alaikum Dear Sir, (1) if installment price of a commodity is more than its cash price, can one purchase that item on installment basis as the installment price contains an element of interest. (2) Is there a difference between interest and Riba ? What is the definition of Riba ? How can we avoid it as the entire banking system is based on Riba ?
Fatwa
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Publication Date
2002-06-10
Main Subjects
Economics & Business Administration
Financial and Accounting Sciences
Islamic Studies
Topics
No. of Pages
2
Data Type
Fatawa
Language
English
Record ID
BIM-725645
American Psychological Association (APA)
Qahf, Mundhir. 2002-06-10. Prohibition of Riba and its rationale : interest and Riba ?. .
https://search.emarefa.net/detail/BIM-725645
Modern Language Association (MLA)
Qahf, Mundhir. Prohibition of Riba and its rationale : interest and Riba ?. 2002-06-10.
https://search.emarefa.net/detail/BIM-725645
American Medical Association (AMA)
Qahf, Mundhir. 2002-06-10. Prohibition of Riba and its rationale : interest and Riba ?.
https://search.emarefa.net/detail/BIM-725645
