Difference Between Paying Back The Money And Paying For The Commodity
“It should be borne in mind that interest pertains only to those transactions in which a commodity is borrowed for the purpose of “using it up” whereby the borrower would be burdened to recreate it in order to return it to the lender. If any additional amount is demanded over and above it, then this no doubt is injustice as affirmed both by reason and revelation. On the contrary, transactions in which the commodities and items in question are “used” rather than being “used up” relate to lease, and the money demanded by the owner on providing this service, which is termed as rent, can in no way be objected to”Mizan.Chapter: Interest.
So interest is an injustice thing. But for example a person buys a house and like bank pays for it and person pays an amount every month and then an extra amount, which (extra amount) Ghamidi sahab takes as rent not as interest. Right? If right then similarly a persons takes money and then gives back an amount every month and then an extra amount which is according to him ‘interest’.But the case is same,he has to produce money from start and has to give an extra amount either he takes money directly or a house of same worth.He has to produce money from start.
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