Luminous Unity of Homes Within and Across the Boundaries for Safeguarding Luminous Economies in salutations for the living Messiah.
There is a difference between usury and interest known as FAIDA in Arabic language and Sood in Persian language. This distinction is not made by many. As a result, large numbers from among the muslimeen and muslimaat are called upon to stay away from interest bearing accounts. I do not trust cypto currencies unless these are linked to day to day payments and receipts. However,I am not writing against simple interest which is the cost of money to be paid by the loan applicants. Allah has prohibited RIBA which is different from FAIDA which a loan giving individual or institution must have when extending a loan. This is reason, Government of India is offering loans to occupationally vulnerable groups at the rate of 5 per cent. The word RIBA refers to rate double and multiplied over and over again. This is prohibited in verse 3:130 of the holy Qur'aan. Thus, we need to unite for USURY FREE BANKING and FINANCE SYSTEM which will generate win win for all and this is ...