Published 5 years ago
Last updated 4 years ago
Q: Is lending money by a Muslim for a standard service fee halaal? If not, what is the permissible way of a Muslim lending money?
A: This enters under the definition or riba (interest). Hence, it is not permissible. The extra money earned through a loan is riba (interest).
And Allah Ta'ala (الله تعالى) knows best.
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