I know that exorbitant interest is haram, but this law could've been applied when we used gold as a currency, as there was no inflation. but now a days, say you take 100 dollars from someone for a year, assuming that the average inflation is at 5.00%, after a year that 100 dollars will be equal to 95 dollars. so if you return the same amount after a year you are essentially keeping the 5 dollars, but if you give 5 dollars extra, as in 105 dollars you are completely repaying the debt. So, it seems quite logical to impose interest of 5% to counter the inflation rate. So, why is interest of this sort considered haram? CAN ANYONE PLEASE EXPLAIN
N.B: I AM AGAINST INTEREST OR ANYTHING DESCRIBED AS HARAM, I am asking this question not to justify interest but as a logical analysis.
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