What is the ruling for receiving interest from money given to others? The Grand Ayatollah Khamenei’s Fatwa

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SHAFAQNA – The Grand Ayatollah Khamenei answered a question about receiving interest from money given to others.

Question: Some people take money from others and according to the amount of money, give them interest each month; and they do this without signing any contract, but only on the basis of agreement between the two sides; what is the ruling about this act?

The Grand Ayatollah Khamenei: Such transactions/dealings are considered to be usury loan/lending, and setting conditions to receive interest and profit in them (the agreements) are void (Batel); and that extra money is considered to be usury, and according to religious law is Haram, and it is not allowed to receive it.

Source: PERSIAN SHAFAQNA

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