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FIN624 GDB No 01 Fall 2020 Solution / Discussion
FIN624 GDB No 01 Fall 2020 Solution / Discussion
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Replies to This Discussion
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Permalink Reply by + M.Tariq Malik on
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Share the GDB Question & Discuss Here....
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Permalink Reply by Muhammad Azeem on
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Question Description
Discussion Question:
One of the forms of capitalism is the interest based investment. There are normally two participants in such transactions. One is the Investor who provides capital on loan and the other manager who runs the business. The investor has no concern whether the business runs into profit or loss, he automatically gets an interest (Riba) in both outcomes at a fixed rate on his capital. It has become an integral part of the world economy.
Being a student of Islamic modes of financing, you are required to give your opinion that is this transaction allowed in Islam? If no, what is the underlying wisdom behind its prohibition? Support your answer with strong logical arguments.
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FIN624 GDB No 01 Fall 2020 Solution / Discussion
SOLUTION PLEASE..........???????
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Permalink Reply by Muhammad Munir on
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Solution please
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FIN624 GDB No 01 Fall 2020 Solution / Discussion
SOLUTION PLEASE..........???????
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Permalink Reply by Muhammad Bilal on
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no not allowed
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it encourages explotiation and unequal distribution of wealth
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