Our Beacon Forum

Loans and Interest
By:Taylor Stevenson Florida,US
Date: Monday, 20 February 2012, 3:05 pm

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!

Messages In This Thread

Loans and Interest
Taylor Stevenson Florida,US -- Monday, 20 February 2012, 3:05 pm
Loans and Interest
*Dr. Shabbir, Florida -- Monday, 20 February 2012, 4:29 pm
Re: Loans and Interest
M. Rafiq -- Wednesday, 22 February 2012, 4:31 am
Re: Loans and Interest
Helen, UK -- Monday, 20 February 2012, 4:16 pm
Re: Loans and Interest
Taylor Stevenson Florida,US -- Tuesday, 21 February 2012, 4:12 am
Re: Loans and Interest
M. Rafiq -- Tuesday, 21 February 2012, 5:05 am
Re: Loans and Interest
Laila Noor, Vancouver -- Tuesday, 21 February 2012, 2:30 pm
Re: Loans and Interest
Mohammad IL -- Tuesday, 21 February 2012, 7:58 pm
Re: Loans and Interest
Mohammed IL -- Tuesday, 21 February 2012, 9:44 pm
Re: Loans and Interest
shahalam, TX -- Wednesday, 22 February 2012, 3:33 pm
Re: Loans and Interest
Mohammad IL -- Wednesday, 22 February 2012, 5:42 pm
Re: money and humanity
jawaid ahmed, uk -- Thursday, 23 February 2012, 8:30 am
Re: Loans and Interest
Muhammad Rafi Karachi -- Wednesday, 22 February 2012, 5:49 am