Dr. Monzer Kahf, a prominent economist and counselor states: In one word: Interest is an increment in a loan or a debt, profit is a difference in the cost price and sale price of a good or service. We shouldn’t be bothered by any other chats and terms. There is no time value of money and no other thing.”
The Difference Between Interest and Profit
Did you like this content?
Recommended
Defending Jerusalem: A Sacred Duty for Muslims Worldwide
The Tragedy of Al-Aqsa Mosque: Its Significance and Muslims’ Duty to Protect It
Rights & Duties of the Wife and the Husband
Istikhara Prayer: Rules & Signs of Response
How to Introduce Islam to Non-Muslims
Religious Human Rights & the Qur’an
Innovations on the Last Wednesday of Safar
The Five Daily Prayers: Any Mention in the Qur’an?
The Concept of Luck in Islam
Sleeping after Fajr and `Asr Prayers
Top Reading