Qistoon Par Sood Aur Jua - Dr Israr Ahmad
Dr. Israr Ahmad discusses the permissibility of interest in installment plans, arguing that modern financial practices often disguise interest as a form of profit. He explains how schemes like prize bonds and installment plans operate on principles similar to gambling, where a small percentage profits at the expense of many. He differentiates between legitimate profit and riba (interest), highlighting how contemporary financial systems exploit loopholes to justify interest-based transactions. He also addresses the philosophical underpinnings of prize bonds, comparing them to government borrowing and the distribution of profits. He concludes that the core issue is the exploitation of chance for financial gain, which aligns with the principles of gambling.
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