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Its interest at all which is banned, which is why there are Sharia compliant bank accounts and investments.
by lostboys67 9y ago
Its interest at all which is banned, which is why there are Sharia compliant bank accounts and investments.
- daniel-cussen 9y agoNo, they allow interest for inflation. A Muslim may ask for interest provided the end result is the same amount of specie, no matter how it's cast.
- lostboys67 9y agoThat's interesting I sit corrected but who decides what to use as the inflation measure ?
- daniel-cussen 9y agoSame amount of specie, same amount gold or other precious metal.