Re: Is paying of interest not allowed in Islam ?
^ No such thing. They are muslims ....... they are not crazy.
But just wondering, Islam allows renting of assets right? So I can rent a house or a bicycle or jewelery (gold) to people and expect them to return the original plus a fixed or previously agreed sum upon its return? Paper money in today's world is an asset by all means (trades on international desks, changes value every day, used as collateral, etc). So why would Islam prohibit collecting the rent for this asset, when this asset is given to someone for use?