Question
I want to ask can I buy a car in instalments from a bank. Would it be licit (halal) or illicit (haram)? Furthermore, what is exact principal stand of Islam about interest? I read your article about interest, and as far as my understanding of your article is concerned, it declares interest halal as long as both the parties are agreed and it brings no financial burden on receiver. Correct me if I am wrong. My second point is not exactly a question. I will be heading to Australia in January next year. I want to preach Islam. Kindly suggest me few books which clarifies prevalent misconceptions about Islam especially related to woman, interest, jihad and social dealings. And also suggest an authentic exegesis (tafseer) of the Qur’an which I will refer to and recommend to my colleagues in Australia if they are interested in understanding the Qur’an.
Answer
In the opinion of Mr Ghamidi, charging interest is prohibited; however, paying interest as is the case of paying instalments is not prohibited.
Regarding misconceptions about Islam in particular the topics you have referred to please go through the following ebook: Fifty Common Misconceptions about Islam at the bottom of the page:
As far as exegeses (tafseers) of the Qur’an are concerned, you can recommend Tafhim-al Qur’an (by Mawlana Abu al-A’la Mawdudi) for beginners and Tadabbur-i Qur’an (by Mawlana Amin Ahsan Islahi) for advanced students.
Answered by: Dr. Shehzad Saleem
Date: 2015-03-03
