Overview

Sunrise is committed to promoting the concept of Shariah/Islamic Financing in the USA.

Why Interest is forbidden in Islam

• It is thought to be exploitative for both, the borrower and the lender
• Money is not considered to be a “commodity” in itself but a measure of value, hence it cannot be traded, “Buying money” in the form of deposits at a given price “interest” and selling the same at a higher interest rate in the form of loans is not allowed