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I am just trying to explain that profits in Islam are different from interest as you mentioned. If you want to learn more, I suggest you find an islamic scholar
by adityapurwa 6y ago
I am just trying to explain that profits in Islam are different from interest as you mentioned. If you want to learn more, I suggest you find an islamic scholar who had expertise on this field, they have better understanding on the law. It would result in misunderstanding if you tried to applied your terms / perspective without knowing the details of the law.
Best of luck!
- candiodari 6y agoWell, I'm trying to explain that they are different in label only, and people are trying to use the different labels to force abusive loan conditions that you should never accept on unsuspecting people. Stay very, very far away from these types of loans is the best financial advice here. And, come on man, really, is it that amazing that financial advice from 1500 years ago is a little bit out of date ? Yes, the Jewish and Roman empires experimented a lot with interest rules and had some very bad experiences doing that, especially in the provinces, so yes, they considered it evil at the time Islam was created. Great. They also considered straight lines evil for a thousand years (not joking about the straight lines) ... And while both pieces of advice have some validity to them, they should be reevaluated when practical.