Prohibition of Riba and its rationale : Riba and inflation
Fatawa Question
Assalamu Alaikum my question is about interest (Riba). Suppose 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 Asad
Fatwa
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Publication Date
2002-04-18
Main Subjects
Financial and Accounting Sciences
Islamic Studies
Topics
No. of Pages
2
Data Type
Fatawa
Language
English
Record ID
BIM-725722
American Psychological Association (APA)
Qahf, Mundhir. 2002-04-18. Prohibition of Riba and its rationale : Riba and inflation. .
https://search.emarefa.net/detail/BIM-725722
Modern Language Association (MLA)
Qahf, Mundhir. Prohibition of Riba and its rationale : Riba and inflation. 2002-04-18.
https://search.emarefa.net/detail/BIM-725722
American Medical Association (AMA)
Qahf, Mundhir. 2002-04-18. Prohibition of Riba and its rationale : Riba and inflation.
https://search.emarefa.net/detail/BIM-725722
