Prohibition of Riba and its rationale : why is interest prohibited ?
Fatawa Question
My question is : in what way is interest provided by banks Haram. A banker said that the money deposited in a PLS saving account is used in business by the bank and if it gets profit, it is given to all members whose money was used. Please elaborate with Islamic points of view
Fatwa
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Publication Date
2002-08-17
Main Subjects
Economics & Business Administration
Financial and Accounting Sciences
Islamic Studies
Topics
No. of Pages
2
Data Type
Fatawa
Language
English
Record ID
BIM-725650
American Psychological Association (APA)
Qahf, Mundhir. 2002-08-17. Prohibition of Riba and its rationale : why is interest prohibited ?. .
https://search.emarefa.net/detail/BIM-725650
Modern Language Association (MLA)
Qahf, Mundhir. Prohibition of Riba and its rationale : why is interest prohibited ?. 2002-08-17.
https://search.emarefa.net/detail/BIM-725650
American Medical Association (AMA)
Qahf, Mundhir. 2002-08-17. Prohibition of Riba and its rationale : why is interest prohibited ?.
https://search.emarefa.net/detail/BIM-725650
