Is It Right For A Believer To Lend Money Out With Interest - Religion - Nairaland
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| Is It Right For A Believer To Lend Money Out With Interest by gospelpillars(m): 11:38am On Aug 23, 2016 |
It is known that financial institutions do not lend money out without collateral and an agreement to pay extra charges (interest) on the loan secured. Many see this as a form of extortion, especially to individuals who are only just starting out in business. In fact, in some parts of the world, the practice of giving or taking loans which comes with any form of interest is frowned at. Many therefore seek alternative sources of securing loans for business or any form of personal projects. Hence, seeking loans from friends and family is common place. Please you can drop your comment on our blog @ gospel pillars / blog
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| Re: Is It Right For A Believer To Lend Money Out With Interest by psucc(m): 12:01pm On Aug 23, 2016 |
If the money is used as business money, it can be lend on interest with human face. |
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