Back to search
The question

Should the term "interest" be changed to "usury" in all academic problems, curricula, student notebooks, and textbooks, or is it sufficient to continuously clarify and remind of the true concept of usury while retaining the term "interest"?

Share this answer

Source: FtawySummarized from the full answer at Ftawy · imported Sep 2, 20261 min readAlso available in العربية
The answer

"Interest" is a contemporary economic term, and there is no harm in using it. What is important is to clarify its Islamic ruling. This term has become widely used among contemporary scholars, including in the fatwas of the Permanent Committee, which considered the interest taken and given by banks to be prohibited usury (riba), and permitted depositing money in banks without interest out of necessity. The questioner is advised to disregard any obsessive thoughts that might be the motive behind their question.

Summarized from the full answer at Ftawy · imported

Read the full answer on Ftawy
Where this answer came from
Source platform
Ftawy
Original fatwa ID
165082
Imported
Translation status
Source text, unreviewed
Read the full ruling
Read the full answer on Ftawy