Prophet Muhammad (PBUH) said:
When you take loan from someone, return it to him with some extra amount/gift to win his heart.
Or.
Jab kisi se qarz lo to, us ko lota'te waqt us men kch izafa kar do taa'ke us ka dil jeet sako.
This Sunnah e Nabwi raises the point that:
What's Sood (aka Interest or Profit)?
Suppose: You demand Rs.5 Lakh Loan from an individual. Now, while returning it, you may follow the above mentioned Sunnah e Nabwi or you may not (if you cant). Thats Okay.
Now suppose: You're demanding that Rs.5 Lakh loan on a bigger level. i.e: A Bank, Company or an Organization. Now, while returning it, you've to do it with some Interest (Sood or Profit). This's because that Bank, Organization or Company has Employs, who're to be paid. Or you can say that the management has to run the Organization. In the light of the above mentioned Sunnah, its also Okay (if you think about it carefully).
Now, the thing which has been declared Haram in Quran is: Riba. Which means: Demanding some percentage amount of Interest (Sood or Profit) from that individual, every month, until he at once pays the total amount of Loan taken.
(Ahmad Ammar +923237001477)
