it's not allowed at all ( haram ) because that's riba which is a great sin
This means charging an excessive rate of interest on a loan. Here are some sentences.I think I might be a victim of usury.He was charged with usury.Usury is a crime.
no, its called usury and its illegal
by charging interest rate
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.
Yes, Muslims do use credit cards but pays the balance as soon as possible within the grace period to avoid interest, as interest is forbidden in Islam.
It depends bank and which loan you take.
So you can know that it is charging and blinking is just in case you don't think it's charging. Did this help you??
If people don't agree with the interest rate, they do not have to accept the loan.
i think it is for almost everyone
Credit card companies earn profits by charging interest.
by charging a higher interest rate
by charging a higher interest rate