Riba and inflation : question on Riba and inflation
Fatawa Question
Assalamu Alaykum Wa Rahmatullahi Wa Barakatuh, I understand that Riba (appreciation or augmentation to the principle) is Haram in Islam. This means if we earn interest on the money in bank it is Haram. My question is : how do we explain the depreciation in the value of money due to inflation ? What is the Islamic way to counter this depreciation in monetary value ?
Fatwa
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Publication Date
2006-06-12
Main Subjects
Economics & Business Administration
Islamic Studies
No. of Pages
2
Data Type
Fatawa
Language
English
Record ID
BIM-787691
American Psychological Association (APA)
Qahf, Mundhir. 2006-06-12. Riba and inflation : question on Riba and inflation. .
https://search.emarefa.net/detail/BIM-787691
Modern Language Association (MLA)
Qahf, Mundhir. Riba and inflation : question on Riba and inflation. 2006-06-12.
https://search.emarefa.net/detail/BIM-787691
American Medical Association (AMA)
Qahf, Mundhir. 2006-06-12. Riba and inflation : question on Riba and inflation.
https://search.emarefa.net/detail/BIM-787691
