Re: Interest
you familar with the ruling of al azhar in response to the questions of international arab banking corp? I would assume they know a little more than you.
ruling #257. and i do realize that int'l fiqh voted aganst it.. but i shows that its not just moi asking questions. as a matter of fact Hadhrat Umar has been reported to ask and wish for clarifications, there are also extra payments made by some holy figures on loans which could then be considered ribaa too..but were not because they did it out of their free will, so free will being important, one as a consumer has a free will to mutually agree with a financial intitution to give them some amount or to get some amount..no one is forcing the person..
Now lajjo, you are involved in ribaaa as well since you are taking advntage of services provided by use of interest based financing. might I suggest you get a weapon as well since you are the one who want to avoid all contacts with interest based transactions. if you are in any economy that is impacted by time value of money than by some scholars view TVM is part and parcel of ribaa. Thus being part of a system with TVM aspect to it is being involved in ribaa
is it taking interest or giving interest, or is it being involved with interest in any way shape or form?...