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E.L King

Ribba

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Al-Salamu Alaykum

Some people on this site may be under the impression that all transactions where there is ziyyadah (extra value) is haram and ribba, in fact, there are situations where it is halal.

Such as:

- between the father and his son

- between the husband and his wife

- between the Muslim and the kafir who is not dhimmi, provided the Muslim takes the profit (which is also why it is halal to take interest from non-Muslim banks).

The above is all in accordance to the rulings of Sayyed Al-Sistani.

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10 minutes ago, monad said:

You mean Profit?

 

I'm sure you know what usury is. Usury = ribbah.

If you want to argue usury = profit, you can start another thread on that. This is a thread targeted to those who already believe in simple Islamic Laws and concepts, not those who want to debate them.

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- I am not sure how my above post implied anything where profit equates to usury?

7 hours ago, E.L King said:

ziyyadah (extra value)

Is this classed as profit?.

Profit :

a financial gain, especially the difference between the amount earned and the amount spent in buying, operating, or producing something.

advantage; benefit.

Also, you pasted a law from a scholar,

now, give us examples of transaction by the said individuals.

 

Edited by monad

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1 minute ago, monad said:

- I am not sure how my above post implied anything where profit equates to usury?

Is this classed as profit?.

Profit :

a financial gain, especially the difference between the amount earned and the amount spent in buying, operating, or producing something.

advantage; benefit.

 

 

No. This topic was created only concerning usury, which I am sure you know what it means, not related to buying and selling in a halal way.

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the confusion is, the claim that profit is in essence interest, added or extra value of a thing, which is more then the original of that thing.

Interest ( ribba) is also the added extra and value of a something more then its original value.

Jurisprudence is stating that interest is allowed between the said individuals.

However it seems interest and profit have the same value, only the derivation or usages are different.

Interest differs from profit, in that interest is received by a lender, whereas profit is received by the owner of an asset, investment or enterprise. (Interest may be part or the whole of the profit on an investment, but the two concepts are distinct from one another from an accounting perspective.)

 

Edited by monad

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