Interest

Interest, in finance and economics, is payment from a borrower or deposit-taking financial institution to a lender or depositor of an amount above repayment of the principal sum (that is, the amount borrowed), at a particular rate. It is distinct from a fee which the borrower may pay the lender or some third party.

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Sayyed Mohammad Al-Musawi, Sayyed Mohammad al-Musawi is originally from Iraq and heads up the World Ahlul Bayt Islamic League in London. Other than being involved in various humanitarian projects, he frequently responds to... Answered 4 anni fa

We can not prohibit others in Western society from dealing with Riba, but we as Muslims are not allowed to deal with Riba.

The meaning of Riba is to be taken from the Marja' of Taqleed and not from the people.

Despite the fact that we live in a society which deals with Riba but we should not indulge ourselves in Riba as far as we can.

Wassalam.

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Sayyed Mohammad Al-Musawi, Sayyed Mohammad al-Musawi is originally from Iraq and heads up the World Ahlul Bayt Islamic League in London. Other than being involved in various humanitarian projects, he frequently responds to... Answered 4 anni fa

It is permissible to receive payments through Credit Cards as far as you ae selling a material which is allowed to sell. If and only if you are sure that the Whole money of the Card holder is Haraam (unlawful) then you will not be allowed to take such unlawful money.

Wassalam