Leasing vs. Interest-Based Purchase - Dr. Israr Ahmad

The speaker clarifies the distinction between legitimate leasing (ijara) and purchases financed through interest (riba). Leasing involves renting an asset for a specified period, with the renter paying a monthly fee and covering operational costs. In contrast, an interest-based purchase involves financing the full price of an asset over time, accruing interest on the outstanding amount. The speaker emphasizes that financing a purchase with interest, even if labeled differently, constitutes riba and is prohibited. Legitimate leasing does not involve any form of interest or profit on the asset itself, only a rental fee for its use. The discussion highlights that changing the label of an interest-based transaction does not alter its fundamentally prohibited nature.

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