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Islamic Duties / Re: Paying some extra amount while repaying the loan amount
« on: October 11, 2015, 03:36:34 PM »
Salam all,
The real problem is in the current "fiat money" itself which creates an inherent "automatic inflation" within it. To understand how the contemporary "money" works is somehow very crucial.
Here is the brief explanation about the process of money creation :
https://www.youtube.com/watch?v=t5ayg3hbhoM
The Quran has explicitly mentioned "dinar" (3:75) and "dirham" (12:20) as real money, instead of the current fiat (read : fake) money.
I do believe that this is a very difficult situation, but at least we understand what is going on in our global economic system today.
Hope this helps.
Salam,
The real problem is in the current "fiat money" itself which creates an inherent "automatic inflation" within it. To understand how the contemporary "money" works is somehow very crucial.
Here is the brief explanation about the process of money creation :
https://www.youtube.com/watch?v=t5ayg3hbhoM
The Quran has explicitly mentioned "dinar" (3:75) and "dirham" (12:20) as real money, instead of the current fiat (read : fake) money.
I do believe that this is a very difficult situation, but at least we understand what is going on in our global economic system today.
Hope this helps.
Salam,