Is it permissible to charge interest on money loaned to someone?
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32707
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Abbas Di Palma,
Shaykh Abbas Di Palma holds a BA and an MA degree in Islamic Studies, and certifications from the Language Institute of Damascus University. He has also studied traditional Islamic sciences in London, Damascus and Qom and taught for different institutions in Italy and UK. 208 Answers
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Amina Inloes,
Amina Inloes is originally from the US and has a PhD in Islamic Studies from the University of Exeter on Shi'a hadith. She is the program leader for the MA Islamic Studies program at the Islamic College in London and also the Managing Editor of the Journal of Shi'a Islamic Studies. 730 Answers
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Abbas Di Palma, Shaykh Abbas Di Palma holds a BA and an MA degree in Islamic Studies, and certifications from the Language Institute of Damascus University. He has also studied traditional Islamic sciences in... Answered 5 years ago
as salam alaikum
usury, or charging interest on money loaned, is one of the major sins and therefore it is not permissible.
With prayers for your success.