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Giving & Receiving Loans in Islam
Manage episode 489932960 series 3570077
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In this episode, the Islamic ethics of giving and receiving loans are explored, with a strong emphasis on compassion over profit. The discussion highlights the Quranic prohibition of interest (riba), its harmful effects on individuals and society, and the blessings of avoiding it. Real-life examples, such as home, car or furniture loans, illustrate how interest can lead to long-term financial burdens.
The episode also covers the importance of financial literacy, encouraging Muslims to save and live within their means rather than rely on loans. Listeners learn about Zakat, daily charity, and how Islamic teachings promote fairness in financial dealings.
Guidance is shared on documenting loan agreements, repaying debts promptly, and the serious responsibility of fulfilling financial obligations—key components of an ethical life.
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