Islam and interest on loans/mortgages ~ is paying interest forbidden?
I heard that Muslims are forbidden from paying interest on anything, such as mortgages and other loans, credit cards, car payments, etc.
Is that true that Islam forbids interest, and if so, how do Muslims function in modern life esp. in the US and Europe without paying interest?
The person who told me that interest payments were forbidden didn’t have any further info, as to why, etc. so I am curious as to 1) if it’s even true and 2) if it is true, how do the people function without credit cards, car loans, mortgages, etc
I hope the question doesn’t offend anyone ~ I just thought it was best to ask those who’d know 🙂