Post
Topic
Board Project Development
Re: IBB - Islamic Bank of Bitcoin ( ) بنك بتكوين الاسلامي
by
lunano
on 22/07/2011, 16:02:39 UTC
We gave an interest free loan to a customer & hopefully we will be getting 10%interest gratuity. That 10% will be our first revenue/income/profit !

Is the borrower obligated to give that 10%? What happens if they don't? I thought the whole business about being interest-free is that the recipient of the benevolent loan (qardhul 7asanah) provides the gratuity at their absolute discretion and as a token of goodwill. How did you arrive at that 10% figure?