FINANCIAL RELATIONS ACCORDING TO THE QURAN:
TRADING IS ALL HALAL OR ALLOWED, EVEN IF YOU BUY SOMETHING AT LESS THAN COST PRICE, AS LONG AS THERE IS MUTUAL AGREEMENT BETWEEN THE TWO PARTIES.
IN TRADING THERE IS A BUYER, A SELLER AND A COMMODITY BUT IN RIBA THERE IS ONLY A BORROWER AND A LENDER AND THERE IS NO TRADE WHATSOEVER.
IS THE MORTGAGE RIBA? OF COURSE IT IS NOT, FOR THERE IS A BUYER, A SELLER AND THE HOUSE TO EXCHANGE HANDS.
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