Month: April 2020 (Page 7 of 8)

FCNA: Is an Interest-Bearing Loan announced by US Government under CARES Act Permissible according to Shari’ah?

The Unites States government passed the Coronavirus Aid, Relief, and Economic Security Act [CARES Act] on March 26, 2020 which allocated $2 trillion to help the country recover from the effects of the novel Coronavirus Disease 2019 [COVID-19]. This act includes loans for major industries and small businesses impacted by the coronavirus.… Read the rest

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