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RIBA?!
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[quote]There are some pros and cons of Riba, and it can bring about benefit or harm depending on how it is used. However the fact that it is haram should be enough for us. What do you understand by Riba, what do you think it is? What do you think is the difference between these two situations: 1) You go to bank and borrow money to buy a car, then you make monthly payments to pay off what you owe, plus you pay monthly interest. The interest is the fee of borrowing the money. 2) You go to the bank and bank buys the car. You use the car and pay the bank monthly amount so you gradually pay off what the bank paid to the car dealership. Plus you also pay a monthly amount which is a fee for using the car that belongs to the bank. In case 1, you get the money and buy the car yourself. You pay for using the bank's money until you can pay off what you owe the bank. In case 2, you dont get any money, but you get the car and pay for using it until you can buy it off gradually. What is the difference, are both the same, is one riba and the other ok? What do you think?[/quote]
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