interest -- Question/Answer Board

[ Show ]

Support VoyForums

[ Shrink ]

VoyForums Announcement: Programming and providing support for this service has been a labor of love since 1997. We are one of the few services online who values our users' privacy, and have never sold your information. We have even fought hard to defend your privacy in legal cases; however, we've done it with almost no financial support -- paying out of pocket to continue providing the service. Due to the issues imposed on us by advertisers, we also stopped hosting most ads on the forums many years ago. We hope you appreciate our efforts.

Show your support by donating any amount. (Note: We are still technically a for-profit company, so your contribution is not tax-deductible.) PayPal Acct: Feedback:

Donate to VoyForums (PayPal):

[ Login ] [ Contact Forum Admin ] [ Main index ] [ Post a new message ] [ Search | Check update time | Archives: 1, 2, 3, [4], 5 ]

Subject: interest

Author:
najia

[ Next Thread | Previous Thread | Next Message | Previous Message ]

Date Posted: 11:10:59 07/15/02 Mon
Author Host/IP: adsl-64-108-217-81.dsl.chcgil.ameritech.net/64.108.217.81

assalam u allaikum ,dear sister i have a question ,if i m going to buy a house and for that i take a loan from bank and i have to paid it in 30 years on monthly payments with interest,i want to know that what are the orders for interest in islam ,and if it is allowable in any condition then please tell me what are these conditions,if it is harram in islam then we will avoid it.also the profit or interest that we achieve from bank,we take it and give to poor people in pakistan ,now what is the right way either taking no interest or taking interest and give it to poor people.

[ Next Thread | Previous Thread | Next Message | Previous Message ]

Replies:

[> Subject: Re: interest

Author:
Laila Nasheeba
[ Edit | View ]

Date Posted: 16:13:38 07/15/02 Mon
Author Host/IP: dhcp024-210-245-129.woh.rr.com/24.210.245.129

As Salamu Alaikoum,

Praise be to Allah.

Interest is haraam and not allowed under any circumstanced. Scroll down and read the other questions asked about interest here and my answer for the daleel.

Giving the profit from the bank to poor people means nothing.. it is still interest and you are guilty of committing a major sin and just because you give it away to poor people does not erase the sin or make it lawful.

You must stop indulging in interest and seek repentance from Allah for your sin and never do it again..

AND ALLAH KNOWS BEST

Laila Nasheeba