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Subject: Riba, Intrest

Author:
sister

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Date Posted: 11:01:45 11/18/02 Mon
Author Host/IP: 216-236-222-107.reverse.newskies.net/216.236.222.107

Aslamoalaikum,
What is riba (intrest)?

Is the money paid on fixed deposits and the saving certificates riba?

How does a money recieved on a principal amount become riba?

If so what hallal economic alternatesare there?

thanks

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[> Subject: Re: Riba, Intrest

Author:
Laila Nasheeba
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Date Posted: 11:58:39 11/18/02 Mon
Author Host/IP: dhcp024-210-245-129.woh.rr.com/24.210.245.129

As Salaamu Alaikoum,

Praise be to Allah.

We suggest you join our website and participate in the Live classes about islam to learn the basics of your religion.

Allah says, the interpretation of the meaning:

"...but whoever returns (to Ribaa), such are the dwellers of the Fire � they will abide therein�

[al-Baqarah 2:275]

�And if you do not do it, then take a notice of war from Allaah and His Messenger�

[al-Baqarah 2:279]

Interest is taking more money than owed for something and it is haraam. The way you get around it is simple.. you dont open saving accounts.. you do not buy things on credit. Thus pay cash for what you buy this is how you not indulge in interest.

AND ALLAH KNOWS BEST

Laila Nasheeba