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8400$ Loan And Return 9458$ Will The Extra Money Be Interest That I’Ll Be Giving
hi, how are you guys?
I just wanted to know, that i have an active option on my shopify store, which is allowing me to get an instatn funding of 8400$, and i have to return that total amount in almost 18 months,Can you guide me, if Islam allows me take this money or to invest it in my running business?
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5 Replies
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8400$ Loan And Return 9458$ Will The Extra Money Be Interest That I’Ll Be Giving
updated 1 month ago
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5
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What concerns you about asking this question?
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My concern is, if the extra money, that i’ll be paying to shopify is Interest or not,
because as i remember, Ghamidi sb, said, that the person giving the interset is at wrongdoing.
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If the company charges extra money or markup on the loan, it is Riba. However, for the one who pays, it is not sinful.
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ah understood thankyou, also can you clarify me one more thing?
I dont have an active need of taking this loan, and since i know that i have to give Riba on this as well, wont it be wrong religiously to participate in an act which overall strengthen the system of Riba etc
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Paying interest is already a wrong done to you, so you are not made sinful for the sins of others. You can take a loan without a genuine need.
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