Bonds

A bond is a debt security which includes interest. Giving/taking loans on interest is forbidden in Islam. You ask for the ruling of buying/selling these kinds of loans as a financial instrument….

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BEY BI’-L-ISTIĞLÂL

Moneylenders were not satisfied with the “two safkas in one safka” concept so including another “safka” they established the “bey bi’listiğlâl” (البيع بالإستغلال).       The term “istiglal” refers to the…

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Trade and Usuary

      The saving of money is called accumulation. The system of accumulations by paying interests and its lending with interest to a third side is called the credit system. Contemporary…

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