Riba In Secured Loans For Consumables
Common stock with fixed amount will be preferred stocks. The point is that as long as business doesn’t have to make a payment outside of the amount of profit they made and they don’t have to pay the principal back out of personal assets, fixed amount of monthly payment is not a problem.
I agree with number 6 but need to decompose number 5 to explore the basis: If the students buys tickets with loaned money and the airlines gives him free 15% discount voucher for the next trip – if he gives it to the lender on top of the principal amount, is it riba? If A lends money to his friend B (interest free) through banks and incurs 5% bank charges, who will bear the bank charges? A loses 10% income on his investment by early withdrawal of his deposit of $10K to B. The principal amount loaned will be considered 10K or (10+10%) $11K?. The cost of lending is $11K but borrower gets on $10K . who will suffer the loss assuming it’s an interest free loan and B was in a need for money.