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I know that taking or giving interest is haram. What about islamic financing? Is that okay?

Public Comments

  1. 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
  2. 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.
  3. 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...
  4. 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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