Sood, Usury, Riba...

So what is it? what are the conditions of usury?

  • what about home loan/mortgage, is it halaal ??

  • what about house rents ??

  • if you’ve a business investment of 10 millions and bank offers you loan of 8 millions in cash for investment, is it haraam ??

  • or a bank offers you car finance loan..

  • a company offering car, bike, fridge, AC, TV or any home appliance is halaal ??

Re: Sood, Usury, Riba…

Peace Hakuna Matata,

I heard that if you buy something on loan/installments and the actual price exceeded due to time duration than that is not permissible i.e., haraam.

Re: Sood, Usury, Riba…

good :jazak: :k: