Published 9 years ago
Last updated 9 years ago
Q: If I loan someone money, for example, I loan someone R10 and we agree that they will pay me R15 in 10 months time, R5 more than what I loaned them, is that extra money considered interest?
A: This is pure interest.
And Allah Ta'ala (الله تعالى) knows best.
Answered by:
Checked & Approved: