Riba Al-fadl, Bai As-Salam And Things To Be Paid On Credit
@UmerQureshi Yes brother Umar, i watched this video but still couldn’t understand fully that, if i do a proper Bay-as-Salam type transaction where i pay advance and specify the full measure and time and weight of everything and there’s no ambiguity left. Would that still be Haram?
No, it won’t be Haram. Interest which is prohibited in Islam only applies to loan transactions. Anything usuable taken as a loan and the lender demanding additional payment over and above the principal amount is Riba.