Such a person is ignorant and deviant and he is not a scholar to be listened to! One must reset to the Quran and sunnah with the interpretation of the salaf!

There is scholar goes by the name of Javed Ghamdi in pakistan who is spreading deviant thoughts in Pakistan who is a Munkar e hadith has recently fired a topic of interest and claims that there is no interest on usable Items such as cars, houses and machinery. For instance a bank buy u a house for 200k although the real value at this time is 175k then what ever extra the bank is charging is the rent and it is halal. He also says the original Hurmat of interest is on taking interest not on giving. Please explain asap in details so that i can forward it to people as well.