Wednesday 5 April 2017

Part 4 - "WHO IS THE ONE WHO WOULD GIVE ALLAH A GOOD LOAN SO THAT ALLAH MULTIPLIES IT FOR HIM MANY TIMES? AND ALLAH WITHHOLDS AND EXTENDS, AND TO HIM YOU ARE TO BE RETURNED." (SURAH AL-BAQARAH: 245)

While returning Qard (loan) returning a little more than what was taken is a favourable practice, but only if it had not been made a pre-condition that more amount than what was loaned would be returned. The Holy Prophet ﷺ said:

"The best person among you is the one who fulfils his obligation (loan) in a good manner."

If it was made a pre-condition that the lender would take back more than what he had loaned, then that is Hara'am (unlawful) and it is Riba (interest) as well.

From Ma'ariful Quran, by Mufti Muhammad Shafi RE

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