Time Value of Money in Islam & Prohibition of Additional Payment | AIMS UK

Free Lecture on Time Value of Money in Islam. For details and more lectures: https://aims.education/time-value-of-money-in-islamic-finance/

The time value of money in Islam is prohibited because paying interest on money is Haram. If a deal is struck between the parties, any additional money paid due to delay is forbidden and sinful. Every product, once it has been sold, whether on credit or not, remains the property of the purchaser, and the seller cannot reprice it.

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