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Feb 21
Is lending and pegging repayment to the rate of inflation permitted?
In the Name of Allah, the Most Gracious, the Most Merciful As-salāmu ‘alaykum wa-rahmatullāhi wa-barakātuh Answer: It is not permissible to lend with a condition that the repayment will be paid with inflation. The Fiqh: Time value of money (TVM), inflation or the loss of purchasing power is a reality and a recognised concept in […]