If it is Haram or Halal whats the reasoning?
1 Answer
“And for their taking interest even though it was forbidden for them, and their wrongful appropriation of other people’s property. We have prepared for those among them who reject faith a grievous punishment” (4:161)
No type of interest is halal in Islam.
It is said that eating interest is equivalent to going to war against Allah and His Rasul (saws)