Prohibition of Riba and its rationale : can banks operate without interest ?
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 we 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
Islamic Studies
Topics
No. of Pages
1
Data Type
Fatawa
Language
English
Record ID
BIM-725658
American Psychological Association (APA)
Qahf, Mundhir. 2002-09-08. Prohibition of Riba and its rationale : can banks operate without interest ?. .
https://search.emarefa.net/detail/BIM-725658
Modern Language Association (MLA)
Qahf, Mundhir. Prohibition of Riba and its rationale : can banks operate without interest ?. 2002-09-08.
https://search.emarefa.net/detail/BIM-725658
American Medical Association (AMA)
Qahf, Mundhir. 2002-09-08. Prohibition of Riba and its rationale : can banks operate without interest ?.
https://search.emarefa.net/detail/BIM-725658
