Q 7:
Does the debt that is mentioned in the concluding Ayahs (Qur'anic verses) of Surah Al-Baqarah refer to those which we know today?
A:
It refers to what Allah (Exalted be He) has legislated and what was clarified by the Messenger (peace be upon him) such as the Salam sale (sale with advance payment), sale on credit, and so on, but it does not mean `Inah sale (selling and delivering something to another person in installments but repurchasing it with less immediate cash) which has evidence indicating that it is prohibited.
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