Is a loan and an advance the same thing?
Machine translationRead the Arabic original
Question:
I ask Allah to do you good. Your Eminence, father, the questioner asks: Is a loan the same as an advance?
Answer:
In the common usage, yes, a loan is an advance. But in the terminology of the Shari'ah, a loan is when you give money to someone who benefits from it and returns its equivalent. As for an advance, it is the salam, which is called salam, where you pay money to a person on the condition that he guarantees to you, when the term arrives, the goods you want with their specifications. This is the advance. In the language of the Shari'ah, it is the salam. Yes.
I ask Allah to do you good. Your Eminence, father, the questioner asks: Is a loan the same as an advance?
Answer:
In the common usage, yes, a loan is an advance. But in the terminology of the Shari'ah, a loan is when you give money to someone who benefits from it and returns its equivalent. As for an advance, it is the salam, which is called salam, where you pay money to a person on the condition that he guarantees to you, when the term arrives, the goods you want with their specifications. This is the advance. In the language of the Shari'ah, it is the salam. Yes.
Source
قناة «العلامة الدكتور صالح الفوزان»، [1223- 4717] هل القرض والسلف بمعنى واحد؟ - الشيخ صالح الفوزان — youtube.com
The Arabic text is a machine transcription of the audio recording.