Interest

Submitted by user2 on Thu, 2018-03-29 07:23

Q: What exactly is the definition of interest or riba? Will the return on investment for a business be considered as interest? Tell me briefly about interest.

A: If you are referring to getting a percentage of the profits of the investment then it is permissible, provided the business is halaal.

Allah Ta`ala states in the Qur'aan that the one who does not desist from interest and usury, then Allah declares war with him. Nabi (sallallahu alaihi wa sallam) has said: “Allah has cursed the one who consumes interest, its client, its witness, and its recorder."

And Allah Ta'ala (الله تعالى) knows best.

Answered by:

Mufti Ebrahim Salejee (Isipingo Beach)

Category:

Business and Dealings›Interest and Gambling

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