Of course, riba, or interest, is a long-standing point of contention within Islamic teachings. The Quran, along with Hadiths, abhors riba, equating it with exploitation and injustice. Most Islamic scholars and traditional interpretations claim that riba is decisively haram, or forbidden. Still, in this discourse, there are some debates to be found about the idea that not all interest is prohibited. This difference in opinion raises a very relevant question: why would some Muslims believe interest is permitted?
Why Do Some Muslims Think Interest is Allowed? Unpacking the Debate on Riba in Islamic Finance