Asked by Daman Preet Dhillon on Apr 27, 2024

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According to the Koran,Moslems are forbidden

A) to give interest,but not to receive interest.
B) to receive interest,but not to give interest.
C) both to give and receive interest.
D) neither to give interest nor to receive interest.

Koran

The holy book of Islam, considered by Muslims to be the word of God as revealed to the Prophet Muhammad.

Interest

The cost of borrowing money, typically expressed as an annual percentage rate, or the income earned from lending money.

  • Identify the attitudes rooted in history and religion regarding the imposition of interest charges.
verifed

Verified Answer

MA
Margaret Ann DeuthApr 30, 2024
Final Answer :
C
Explanation :
According to Islamic teachings, usury (charging or giving interest) is considered haram (forbidden) and is therefore prohibited in all forms. This means that both giving and receiving interest is forbidden for Muslims.