Prohibition of Riba interest and its philosophy : Riba multiplying in double

Fatawa Question

As-Salamu `Alaykum ! I had a question regarding interest transactions. Did Allah SWT prohibit all interest transactions in general or only those where money or land is multiplied in double triple which leaves too much burden on the people ? Also I have read that Imam Ghazali seems to have said that little interest which doesn't put too much burden is ok. Is that true ? Please advise. Jazaka Allahu Khair.

Fatwa

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Main Subjects

Financial and Accounting Sciences
Islamic Studies

Topics

No. of Pages

1

Data Type

Fatawa

Language

English

Record ID

BIM-729558

American Psychological Association (APA)

Qahf, Mundhir. Prohibition of Riba interest and its philosophy : Riba multiplying in double. .
https://search.emarefa.net/detail/BIM-729558

Modern Language Association (MLA)

Qahf, Mundhir. Prohibition of Riba interest and its philosophy : Riba multiplying in double.
https://search.emarefa.net/detail/BIM-729558

American Medical Association (AMA)

Qahf, Mundhir. Prohibition of Riba interest and its philosophy : Riba multiplying in double.
https://search.emarefa.net/detail/BIM-729558