Saving accounts. RIBA???

[Mr.Popat]

@psyah

Peace Mr.Popat

I sort of agree with this and don’t agree at the same time. The part I don’t agree with is the explanation of the value of currency. This can change without an interest based system. This can vary depending on GDP of a given economy. However, the part I agree with is that Muslim countries (mostly) are not free from Rib’a. When or if they borrow from IMF or World Bank then yes interest has to be paid on it.

yep, thanks for the reply.

What do you say about mortgages? the amount of monthly payments people make as mortgage also has an element of interest in it. Is it acceptable to buy a house knowing that you’re paying interest in ur mortgage?
Thanks.