Interest

[mr2299muslim]

Hi I understand that interest is banned in Islam. However the whole system is now based on interest so how businessman take out capital then if not for loans?

 

['Abdullah]

I hope thread below can help to answer your questions. Post#7 in that thread is probably what answer your question more specifically.
Islam & our social issues-Islamic Finance System vs Interest based Economy

[TABLE="class: grid, width: 100%, align: center"]
[TR][TD] Islam & our social issues-Islamic Finance System vs Interest based Economy
OVER VIEW OF THE PROBLEM WE ARE FACING I don’t own a house and I will never buy one because I don’t want to deal with interest. How can I support a sys...[/TD][/TR][/TABLE]

 

[peaceandlove]

Simple, either get a interest free loan.

or do a partnership on profit and loss sharing.