Is Rental Income Halal?
How can mere presence of loan make something “eating other wealth unfairly”? I buy a computer under hire purchase for $10k whereas the cash price is $8k. A friend of mine lends me $8k to buy the computer and payback $9k over the same period of time as under the hire purchase agreement. Who is “eating my wealth unfairly” here — the hire purchase vendor who is charging me $2k mark up or my friend who is charging me $1k only for his credit service?