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Answers: 43Ribaa (interest or usury) & Money Exchange
Difference between Riba-based Banks and Islamic Banks
Islamic banks are based on permissible transactions such as selling, buying, profit sharing, partnerships and other Islamically-acceptable forms of investment. The interest-based system on which commercial banks are based is a prohibited system that is based on lending and borrowing with Riba.48,505- 6,365
It is not permissible to sell gold for cash with a delay in payment
- 62,840
A detailed response to the arguments of those who regard it as permissible to deal in riba with the disbelievers in their countries
- 28,669
He is very distressed because of his father’s dealing in riba (usury)
- 22,192
Taking interest and offsetting losses with riba
- 10,536
He has repented from dealing with a riba-based bank but he does not know what his capital was
- 11,150
Ruling on depositing money in riba-based banks
- 8,190
Ruling on getting back a loan from interest-based money
- 20,629
Is it permissible for him to inherit property that was bought with a riba-based loan?
- 35,025
Where should he deposit his mon\ey in these times when riba is so widespread?
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