Saturday 17 July 2021 | 09:01 PM| Number of readings: 188
The Real Estate Bank announced the cancellation of the interest on loans from the Central Bank initiative. And he stated in a statement: Based on what was stated in the book of the Financial Operations and Debt Management Department / Internal Lending Department No. 5/6/1757 on 6/21/2021, the interest of the Central Bank of Iraq initiative loans for the current loan and the previous loan only was canceled. It is noteworthy that this decision came as a result of the economic recession that the country is going through due to the Corona pandemic and to reduce the burden on citizens
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Folks under the religion of Islam, it is a sin to charge interest in this manor.
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Folks, the religion of Islam does not allow interest to be paid in this format.
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An Islamist here in Austin told me Islamist pay the same thing as interest but call it something else. This reminds me of a famous politician that said, “It depends on what is the definition of is?” They define meanings to suit themselves.
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