Interest
Question
Interest is considered to be a strong haraam and a grave sin, but isn't interest needed as a fundamental basis for starting a bank and being able to
hand out loans?
Answer
This is on the basis of disbelief and as a result of the corrupt capitalistic mindset.
And Allah Ta'ala (الله تعالى) knows best.
- Answered by
- Mufti Ebrahim Salejee (Isipingo Beach)
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