Interest (Riba) - Islamhelpline

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Interest (Riba)

161. Buying house on mortgage 162. What is riba clarification? 163. Can one leave the interest money in the bank? 164. What are the Etiquettes of doing Business as per the Prophet? 165. Can one give interest as taxes to government? 166. Defence saving schemes interest 167. Training in interest based bank 168. Studying the concept of Riba-Interest 169. Working in Banks, Loans and Interest 170. Interest on differed payment 171. Riba under any circumstances 172. In the present situation how can we avoid Riba? 173. Is interest money haraam? 174. Assalam-o-Alaikum. First of all Praise be Allah who gave you the Saadat of doing this Honorable thing, and secondly May Allah give you ajar for doing helping others understanding Allah`s Deen better. I was reading your Q&A on interest and I came across this .. Hadrat Ali ibn Abu Talib (a.s.) heard Allah`s Messenger (saws) curse those who took usury, those who paid it, those who recorded it, and those who refused to give sadaqah. I am concenred with the part saying "who recorded it", because I am an accountant by profession and my company unfortunately uses pays regular amounts of tax on the money it uses with bank. My bookkeeping duties include keeping track of it and recording it for accounting purposes. Does this mean I`m doing wrong?. I thought acocuntancy was a Halal profession. May Allah give you ajar for your efforts. Allah hafiz Faisal 175. Business/loans from banks 176. Mullahs taking interest 177. Profit on land trading before actual buying 178. Can one pay Interest? 179. Your reply to me about interest was totally out of line. I asked if we can re-interpret riba as usury and not as interest, as understood in the present western world. And all you could do was to bore me with how Quraan condemns riba, as if we dont already know this. Is riba the same as interest, as understood in the modern western world? If so, I maintain that all financial transactions involve interest, rent, leasing and trade included. If it is usury then, it should be as Quraan says, rightly condemned 180. Investement fixed returns on rent/lease