Is any benefit (interest/usury) allowed in Debt transactions in the Quran? (Part 8)
[278. O believers! Fear Allah and relinquish what is outstanding from Riba, if you are indeed believers. 279. And if you do not, then take notice of war from Allah and His Messenger. But if you repent, you will have your Rausu Amwalakum (actual capital). Wrong not, and you shall not be wronged. 280. If the Debtor faces hardship, then grant him time till things are easier for him to repay; but if you waive it as charity, that is best for you if you only knew.] [Quran Surah Al-Baqarah 2 Ayat 278-280]
So how should the economy and financial intermediation be structured?
The book “Islamic Finance and Trade: God’s Economic System”, is the culmination of over 25 years of research, to present the answer to the above question. You are kindly invited to Read, Review and Recommend the book. It is available at https://a.co/d/7N6tOVs and on all Amazon sites.
