High interest rates violate the fundamental basis of Islamic commercial law while low rates are tolerable since they do not exploit the borrowers.

Name: High interest rates violate the fundamental basis of Islamic commercial law while low rates are tolerable since they do not exploit the borrowers.
Brand: Quizplus
Rating: 4.7 (45 reviews)

Question

Quizplus · Accepted Answer

Islamic commercial law prohibits any form of interest (Riba), regardless of the rate being high or low, as it is considered exploitative and unjust.

High Interest Rates Violate the Fundamental Basis of Islamic Commercial