2. Abdullah is wondering whether the Islamic prohibition of Riba (usury) is not a crystal clear concept and that maybe its based on a Weds Horlof definition of what is Riba is not mentioned in the Quran. He also wonders if it is just a minor sin and not a big deal like stealing or drinking alcohol or eating pork a. Does the Quran actually specify that any amount of interest is Haram? In other words. is usury and interest the same thing in Islam? Support your argument with (daleella Quranic verse and/or Prophetic hadith b. Is this a big deal is it a major sin or a minor sin) in Islam? Support your argument with (daleel a Quranic verse and/or Prophetic hadith Team Assignment1 Khaled wants to earn a living being an Uber driver, but he doesn't have a car. Uber has high standards and requires a fairly new car but Khaled can't afford it so he asks his friend Abdullah if he can loan him 70,000 Riyals so he can buy a car and earn a living and that he should be able to pay him back in 3 years from the income ho plan on generating Abdullah bikes Khaled and has the money to spare but he studied the Fisher equation in his economics and finance classes that differentiates between inflation and roa! interest as follows: Nominal Interest Real Interest - Expected Inflation So if the nominal interest rate is 5% and the real interest rate is 196 and expected inflation is 4%, Abdullah is wondering whether he should require Khaled to compensate him for the inflation rate of 4% so that his purchasing power remains the same when his loan is returned to him after 3 years. This way he's not charging interest only inflation 2. Abdullah is wondering whether the Islamic prohibition of Riba (usury) is not a crystal-clear concept and that maybe it's based on a weak Hadith or that the definition of what is Riba is not mentioned in the Quran. He also wonders if it is just a minor sin and not a big deal like stealing or drinking alcohol or eating pork. a. Does the Quran actually specify that any amount of interest is Haram? In other words: is usury and interest the same thing in Islam? Support your argument with (daleel) a Quranic verse and/or Prophetic hadith. b. Is this a big deal (is it a major sin or a minor sin) in Islam? Support your argument with (daleel) a Quranic verse and/or Prophetic hadith. 2. Abdullah is wondering whether the Islamic prohibition of Riba (usury) is not a crystal clear concept and that maybe its based on a Weds Horlof definition of what is Riba is not mentioned in the Quran. He also wonders if it is just a minor sin and not a big deal like stealing or drinking alcohol or eating pork a. Does the Quran actually specify that any amount of interest is Haram? In other words. is usury and interest the same thing in Islam? Support your argument with (daleella Quranic verse and/or Prophetic hadith b. Is this a big deal is it a major sin or a minor sin) in Islam? Support your argument with (daleel a Quranic verse and/or Prophetic hadith Team Assignment1 Khaled wants to earn a living being an Uber driver, but he doesn't have a car. Uber has high standards and requires a fairly new car but Khaled can't afford it so he asks his friend Abdullah if he can loan him 70,000 Riyals so he can buy a car and earn a living and that he should be able to pay him back in 3 years from the income ho plan on generating Abdullah bikes Khaled and has the money to spare but he studied the Fisher equation in his economics and finance classes that differentiates between inflation and roa! interest as follows: Nominal Interest Real Interest - Expected Inflation So if the nominal interest rate is 5% and the real interest rate is 196 and expected inflation is 4%, Abdullah is wondering whether he should require Khaled to compensate him for the inflation rate of 4% so that his purchasing power remains the same when his loan is returned to him after 3 years. This way he's not charging interest only inflation 2. Abdullah is wondering whether the Islamic prohibition of Riba (usury) is not a crystal-clear concept and that maybe it's based on a weak Hadith or that the definition of what is Riba is not mentioned in the Quran. He also wonders if it is just a minor sin and not a big deal like stealing or drinking alcohol or eating pork. a. Does the Quran actually specify that any amount of interest is Haram? In other words: is usury and interest the same thing in Islam? Support your argument with (daleel) a Quranic verse and/or Prophetic hadith. b. Is this a big deal (is it a major sin or a minor sin) in Islam? Support your argument with (daleel) a Quranic verse and/or Prophetic hadith