interest and islam

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interest and islam

Desert Sleet
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#88

02-18-2005, 04:24 AM

UNDERSTANDING
"R I B A"
(Usury)

Note Riba happens to be one of the most difficult subjects for the last 1400 years, for Muslims as well as for the Muslim Scholars. Hence, I would appeal to my readers to read the entire article, understand the various issues with an open mind and then make their own decisions.

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THE VERSES OF THE QUR'AN

Here are the verses on the subject of riba (usury)

Those who devour usury will not stand except as stands one whom the Evil One by his touch hath driven to madness. That is because they say "Trade is like usury but Allah hath permitted trade and forbidden usury. Those who after receiving direction from their Lord desist shall be pardoned for the past; their case is for Allah (to judge); but those who repeat (the offence) are companions of the fire they will abide therein (for ever) 2 275
O ye who believe! fear Allah and give up what remains of your demand for usury if ye are indeed believers. 2 278

O ye who believe! devour not usury doubled and multiplied; but fear Allah; that ye may prosper.
Yusuf Ali's translation. 3 130

O ye who believe! Devour not usury, doubling and quadrupling (the sum lent). Observe your duty to Allah, that ye may be successful.
M. Pickthall's translation 3 130.

O believers! Do not live on usury (compound interest) which is compounded over and over again. Have fear of Allah so that you may prosper.
F. Malik's translation. 3 130

For the iniquity of the Jews We made unlawful for
them certain (foods) good and wholesome which
had been lawful for them; in that they hindered
many from Allah's way. That they (Jews) took usury though they were forbidden; and that they devoured men's substance wrongfully; We have prepared for those among them who reject faith a grievous punishment.
4 160 - 161

Below is the Dictionary meaning of the word Usury

u-su-ry n. , pl. -ries [ME usurie < ML usuria < L usura < usus] the act or practice of lending money at a rate of interest that is excessive or exorbitant esp. at a rate of interest higher than is allowed by law

http//www.mostmerciful.com/riba.htm

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interest and islam - by mintblue - 01-12-2004, 11:17 PM

RE: interest and islam - by Linkin Park - 03-04-2015, 04:10 PM

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RE: interest and islam - by smraza - 03-18-2004, 09:12 PM

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