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Interest Because Of Inflation
Assalamualaikum
Interest in Islam is haraam.But there is inflation also i.e the value of money decreases. So if one gives loan on for a long time e.g some 5 or 6 years and after calculation of inflation he asks for extra money.So will it be interest or what?
If someone makes objection that the value of money will also decrease(anyway) even if he doesn’t give loan.So maybe if he wouldn’t give loan he would buy some property (or something like that) whose value(usually) increases, so?
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Interest Because Of Inflation
updated 3 years ago
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