I know that taking or giving interest is haram. What about islamic financing? Is that okay?
Public Comments
- thats why its called Islamic financing - because the loan is structured in such a way that you pay back a bigger sum than what you borrowed but the extra amount is not interest. Try an Islamic bank, or HSBC have an Islamic loan system
- mark 101 gave you an anti-Islam website. don't even bother to read their lies. Your time is more precious. Yes. indeed Islamic financing is Okay.
- it is still profit taken from monetary loan.. a word twisted to sound less sinful to earn money from loans.... even a liar has a reason to lie...
- any way to go around a rule is not ok. When you change laws to compensate for criminal activity, it doesnt make it right.
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