#Al-Ribah | Hubeali en-US #Al-Ribah | Hubeali 32 32 Interest-Al-Ribah Charging and paying interest on loans are forbidden in Islam. However, world-wide banking systems these days are all based on interest, which makes it very difficult for a believer to avoid direct or indirect transactions involving interest. From governments to businesses, all take loans with interest payments - as an individual, for example, the house one rents or buys has an interest element.

Credit cards or overdraft facilities (with spread-out repayments) have even higher interest rates. The post Interest-Al-Ribah first appeared on Hubeali.]]>