Showing posts with label credit. Show all posts
Showing posts with label credit. Show all posts

Tuesday, January 24, 2012

INDONESIA - BANKING - MUI: Credit is Not Halal Riba

REPUBLIKA.CO.ID, Soreang - Questioned on the issue of halal haram in the process of buying and selling on credit, Chairman of the MUI Regency Bandung, KH Safiuddin Anwar Kamil asserts that the credit is allowed and certainly not unlawful. Credit is not permitted and usury when through certain requirements.

"Credit different from the name of usury," he said in a discussion held at the RM FIF. Rice Village, Soreang, Tuesday (24 / 1). Anwar added that credit is the process of buying through a gradual manner. Credit is allowed when the distance between the seller and buyer are not mutually harmed. (source)