Riba and Modern Transactions
Machine translationRead the Arabic original
Question:
By Allah, I see new types in new weeks.
Answer:
Riba (usury or interest) is the same riba as it has always been; it is the riba about which the evidence has come. I do not know that a new riba has appeared that has no basis. If it had no basis, we would say it is lawful, but it has a basis in the Shari'ah texts and in the words of the scholars, and it is applied. Modern transactions are applied to the texts and to the rules of the scholars. So, whatever is found to contain riba is prohibited, and whatever is found not to contain riba is permitted. The criterion is the Book and the Sunnah, and the jurisprudential rules derived from the Book and the Sunnah. All modern transactions are presented on this basis.
By Allah, I see new types in new weeks.
Answer:
Riba (usury or interest) is the same riba as it has always been; it is the riba about which the evidence has come. I do not know that a new riba has appeared that has no basis. If it had no basis, we would say it is lawful, but it has a basis in the Shari'ah texts and in the words of the scholars, and it is applied. Modern transactions are applied to the texts and to the rules of the scholars. So, whatever is found to contain riba is prohibited, and whatever is found not to contain riba is permitted. The criterion is the Book and the Sunnah, and the jurisprudential rules derived from the Book and the Sunnah. All modern transactions are presented on this basis.
Source
قناة «العلامة الدكتور صالح الفوزان»، 11 من 89|شرح العدة في شرح العمدة|البيوع|باب الربا|صالح الفوزان|الفقه|كبار العلماء — youtube.com (53:50)
The Arabic text is a machine transcription of the audio recording.