answersLogoWhite

0


Best Answer

Giving and taking interest are both haraam in Islam.

[surah baqarah:275] Those who eat Ribâ[] (usury) will not stand (on the Day of Resurrection) except like the standing of a person beaten by Shaitân (Satan) leading him to insanity. That is because they say: "Trading is only like Ribâ (usury)," whereas Allâh has permitted trading and forbidden Ribâ (usury). So whosoever receives an admonition from his Lord and stops eating Ribâ (usury) shall not be punished for the past; his case is for Allâh (to judge); but whoever returns [to Ribâ (usury)], such are the dwellers of the Fire - they will abide therein.

User Avatar

Wiki User

12y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: Is interest haram
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

Is interest is halal or haram?

Charging interest is haram in Islam. We try our best not only to not charge interest, but to avoid paying interest. So, always try to find things 0% interest.


Is traditional interest based banking haram from the Islamic viewpoint?

Yes, interest, or "ribba", is haraam. This is because one is making money without earning it.


Shares are halal or haram?

Provided the principle is only to share in profits, nothing in the share deal involves interest and the business in which the shares are held is not involved in anything haram, holding the shares are halal.


What do Muslims think of charging interest?

it's not allowed at all ( haram ) because that's riba which is a great sin


Is frog halal or haram?

Frog is haram


Is Pokemon haram?

Why would pokemon be haram? Its a show. Is naruto haram? is barney haram? No they are not haram. Pokemon is only a show about pokeballs and pickachu and ash. Haram is a strong buddy. you got to know what your talking when it comes to haram and halal.


Is it haram to have a girlfriend or boyfriend?

Yes, in that sense it is haram


Is bank interest Ha-ram?

According to the Islamic Sharia law, yes Interest is considered Haram or Illegal. According to the holy Quaran, giving and receiving Interest is prohibited and hence it is considered Haram. So, most devout Muslims do not want to open bank accounts. The concept of Islamic Banking was formed to help Muslims utilize the banking services and at the same time not break their religious beliefs as well.


Is role playing haram in Islam?

No it is not haram. There is no reason for it to be haram. Unless you don't be swindler, it is not haram.


Is it haram to have a tattoo?

Haram if someone sees it


Is dixy haram?

No its not haram because The people that work there half of them are like muslims so that's why its not haram that you answer


Is saving account halal for Muslims?

It depends. If you open an account in an Islamic Bank then it is Halal. But, if you do it in a regular bank it is Haram. Islamic banks work as per the guidelines of sharia and having an account with them would be Halal. Regular banks give and take interest and hence they would be Haram.