Thursday, December 23, 2010

When risk is a four letter word


Assalamu ‘Alaikum

When risk is a four letter word

The objection of Islamic Syariah to riba has never been about the size of the interest charged. It is also not confined to consumption loans; it is prohibited also to investment loans. Investment loans, isn’t that a misnomer in the first place? How could an investment be a loan, and how could a loan be an investment? That is the objection of Syariah to riba, an investment cannot be a loan, and a loan cannot be an investment. But we accepted the fraud and spun, that a loan is an investment without question anymore.