Bank Interest and Islam

Contrary to these scholars’ reasoning, this book takes a different position basing on the context of Qur’an and reached the conclusion that riba is not mere the excess on any loan, rather it is excess on the loans extended to the destitute and needy persons. Bank’s interest is completely different from the Qur’anic riba which is prohibited. It represents a complete paradigm shift from the orthodox and popular view of bank interest. It establishes why bank interest cannot be categorized under riba, which is fervently outlawed and condemned by the Holy Qur’an.
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