Debt and Loan: Shar‘ī Alternatives to Ribā in Banking Transactions

Practical Laws of Islam as per the teachings of Imam Khamenei

Debt and Loan: Shar‘ī Alternatives to Ribā in Banking Transactions

English:

Question #1773:

Is there a way out of ribā in banking transactions?

Answer #1773:

The solution lies in adopting Islamic contracts whereby all the conditions have to be upheld.

-Imam Khamenei, Practical Laws of Islam, Importance and Conditions of Debt and Loan