~! What if you won 50 million dollars?

[psyah]

Re: ~! What if you won 50 million dollars?

@Captain1

Not true, the system is putting money which really exists, it could’ve been true if “State bank” (the one responsible for printing/controlling flow of currentcy) is the one handing out the interest but other banks usually invest in other ventures and make money, of which they hand out a very small part to “account holders”… so money is not actually coming out of thin air.

If you believe in “burning” the money then you shouldn’t really be opening an account that would bear interest because “burning” money is crime per my knowledge in most of the countries (if not all).

Can you show a hadith/verse telling us about “dust of interest” as you suggest?

Peace Captain1

Interest that is put in to the account which has been made by the investments of the banks is irrelevant. The relevant part of it to the account holder is whether the person who has the money resting in the bank has:

1. Given permission for the money to be invested
2. Carried the risk that the investment comes with
3. Is getting the full the return on the investment of the money from the banks

If no to all three then the money is typically making more money as far as the account holder is concerned. This form of money should not be taken. I agree that it is not the same as charging interest such a loan repayment, etc.

I’m not an expert in this, I have just put together some information in my daily walks of life, if you can present to me a viable and non-exploiting solution then I will accept.

For the hadith (understand it how you may):
Sunan of Abu-Dawood Hadith 3325 Narrated byAbuHurayrah The Prophet (peace be upon him) said: A time is certainly coming to mankind when only the receiver of usury will remain, and if he does not receive it, some of its vapour will reach him. Ibn Isa said: Some of its dust will reach him.

Here is an interest’ing article … mind the pun

truthusa.org