It is permissible to take interest from non-Muslim banks, while it is not permissible to do so with Muslim banks. On the other hand, interest is forbidden in the Quran absolutely. How can this be explained?
It is permissible to take interest from non-Muslim banks, while it is not permissible to do so with Muslim banks. On the other hand, interest is forbidden in the Quran absolutely. How can this be explained?
Sayyed Mohammad Al-Musawi, Sayyed Mohammad al-Musawi is originally from Iraq and heads up the World Ahlul Bayt Islamic League in London. Other than being involved in various humanitarian projects, he frequently responds to... Answered 2 years ago
The real understanding of the meanings of the Quranic verses needs studying all other verses and authentic Hadeeths on the subject. This needs years of research which is not a job of unprofessional person but an expert who should be an Aalim with long history in research and ability to deeply understand and derive the Islamic rule from the evidence.
'Interest (RIBA ربا) is forbidden between Muslims. Taking interest from non Muslim is allowed as it is part of their usual transactions. Authentic Hadeeths stated that we are allowed to take from non Muslim what they usually give. We are not allowed to do injustice on anyone including non Muslims, but what they give willingly to everyone is allowed to us as well.
Wassalam.