Mohammed Awal
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Please may I know if a Muslim can involves himself in any of the global peer-to peer money donations?
Peer-to peer money donations
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Assalamu Alaikum
Peer-to-peer isn't allowed because it would involve riba (interest) which is haram in Islam. Eventually what is lent would need to be returned but with interest from the profits made. However, I think there are some sharia-compliant lending sites coming from the Middle East which you could look into.
Peer-to-peer isn't allowed because it would involve riba (interest) which is haram in Islam. Eventually what is lent would need to be returned but with interest from the profits made. However, I think there are some sharia-compliant lending sites coming from the Middle East which you could look into.