This has been an issue for a little while in my mind. I believe that dealing in any amount of interest is wrong, in the sense that profit is made on money rather than labor/effort. Do most of us not deal with any interest in our lives? If so how do we get loans? In the past (even before I knew about the Qur'an) I never dealt with interest, because it felt like a scam. I always bought what I needed in cash. At this point in life there are times when getting a loan would help my wife and I immensely.
It is not possible to get a loan from a financial institution, without interest, so how do we get loans?
How did you all put yourselves, or family through College? Buy your house? Buy a car?
Have we all spent cash on everything, even these bigger purchases? Or is there a range of understanding regarding Riba that I am unware of?
Peace and Blessings Family!