11-27-2003, 04:27 PM
<font color=red>Some of the Quran and Hadith sayings about Riba</font id=red>
<u>Surah/Chapter 002 - Al-Baqarah. Verse 275.
English Translation (The Noble Qur'an) </u>
Those who swallow USURY cannot rise up save as he ariseth whom the devil hath prostrated by (his) touch. That is because they say Trade is just like USURY; whereas Allah permitteth trading and forbiddeth USURY. He unto whom an admonition from his Lord cometh, and (he) refraineth (in obedience thereto), he shall keep (the profits of) that which is past, and his affair (henceforth) is with Allah. As for him who returneth (to USURY) Such are rightful owners of the Fire. They will abide therein.
<u>Surah/Chapter 003 - Al-Imrân. Verse 130.
English Translation (The Noble Qur'an) </u>
O ye who believe! Devour not USURY, doubling and quadrupling (the sum lent). Observe your duty to Allah, that ye may be successful.
<u>Vol 3, Book 34. Sales And Trade.
Hadith 344. (Shahi Bukhari)</u>
Narrated By Az-Zuhri from Malik bin Aus That the latter said, "Who has change?" Talha said, "I (will have change) when our store-keeper comes from the forest."
Narrated 'Umar bin Al-Khattab Allah's Apostle said, "The bartering of gold for silver is RIBA, (usury), except if it is from hand to hand and equal in amount, and wheat grain for wheat grain is usury except if it is form hand to hand and equal in amount, and dates for dates is usury except if it is from hand to hand and equal in amount, and barley for barley is usury except if it is from hand to hand and equal in amount."
<u>Vol 3, Book 34. Sales And Trade.
Hadith 382. (Shahi Bukhari)</u>
Narrated By Ibn Shihab That Malik bin Aus said, "I was in need of change for one-hundred Dinars. Talha bin 'Ubaid-Ullah called me and we discussed the matter, and he agreed to change (my Dinars). He took the gold pieces in his hands and fidgeted with them, and then said, "Wait till my storekeeper comes from the forest." 'Umar was listening to that and said, "By Allah! You should not separate from Talha till you get the money from him, for Allah's Apostle said, 'The selling of gold for gold is RIBA (usury) except if the exchange is from hand to hand and equal in amount, and similarly, the selling of wheat for wheat is RIBA (usury) unless it is from hand to hand and equal in amount, and the selling of barley for barley is usury unless it is from hand to hand and equal in amount, and dates for dates, is usury unless it is from hand to hand and equal in amount."
<u>Vol 3, Book 34. Sales And Trade.
Hadith 386. (Shahi Bukhari)</u>
Narrated By Abu Salih Az-Zaiyat I heard Abu Said Al-Khudri saying, "The selling of a Dinar for a Dinar, and a Dirham for a Dirham (is permissible)." I said to him, "Ibn 'Abbas does not say the same." Abu Said replied, "I asked Ibn 'Abbas whether he had heard it from the Prophet s or seen it in the Holy Book. Ibn 'Abbas replied, "I do not claim that, and you know Allah's Apostle better than I, but Usama informed me that the Prophet had said, 'There is no RIBA (in money exchange) except when it is not done from hand to hand (i.e. when there is delay in payment).'"
<u>Vol 3, Book 38. Representation, Authorization, Bus....
Hadith 499. (Shahi Bukhari)</u>
Narrated By Abu Said Al-Khudri and Abu Huraira Allah's Apostle employed someone as a governor at Khaibar. When the man came to Medina, he brought with him dates called Janib. The Prophet asked him, "Are all the dates of Khaibar of this kind?" The man replied, "(No), we exchange two Sa's of bad dates for one Sa of this kind of dates (i.e. Janib), or exchange three Sa's for two." On that, the Prophet said, "Don't do so, as it is a kind of usury (RIBA) but sell the dates of inferior quality for money, and then buy Janib with the money". The Prophet said the same thing about dates sold by weight. (See Hadith No. 506).
<u>Vol 6, Book 60. Prophetic Commentary On The Qur'an....
Hadith 067. (Shahi Bukhari)</u>
Narrated By Ibn Abbas The last Verse (in the Quran) revealed to the Prophet was the Verse dealing with usury (i.e. RIBA).
Book 16. Commercial Transactions.
Hadith 3325. (Abu Dawud)
Narrated By AbuHurayrah The Prophet (pbuh) said A time is certainly coming to mankind when only the receiver of USURY will remain, and if he does not receive it, some of its vapour will reach him. Ibn Isa said Some of its dust will reach him.
<u>Book 16. Commercial Transactions.
Hadith 3327. (Abu Dawud)</u>
Narrated By Abdullah ibn Mas'ud The Apostle of Allah (pbuh) cursed the one who accepted USURY, the one who paid it, the witness to it, and the one who recorded it.
<u>Some of Practical disadvantages;</u>
As you know that schemes, like National Savings Schemes, are believed to increase Business activities through induced savings, but unfortunately these schemes are not helping large businesses. Instead they are harmful for small businesses.
A friend ne showed this position in the following way.
"My father got his retirement early and invested his Money in National Savings Schemes. I wanted to do my own business. But as I do not have money, I discussed some of business opportunities with my father. But he always sees the darker side of these plans as he feels unsecured in any of the businesses. He is satisfied with his safe though lesser earnings in the form of interest. Now he is worried about declining rate of interest of banking system. This is a case where a business activity or productivity is being sacrificed, for small amount of interest, not benefiting our family or any one else."
Edited by - amam_786 on Nov 27 2003 112925 AM
<u>Surah/Chapter 002 - Al-Baqarah. Verse 275.
English Translation (The Noble Qur'an) </u>
Those who swallow USURY cannot rise up save as he ariseth whom the devil hath prostrated by (his) touch. That is because they say Trade is just like USURY; whereas Allah permitteth trading and forbiddeth USURY. He unto whom an admonition from his Lord cometh, and (he) refraineth (in obedience thereto), he shall keep (the profits of) that which is past, and his affair (henceforth) is with Allah. As for him who returneth (to USURY) Such are rightful owners of the Fire. They will abide therein.
<u>Surah/Chapter 003 - Al-Imrân. Verse 130.
English Translation (The Noble Qur'an) </u>
O ye who believe! Devour not USURY, doubling and quadrupling (the sum lent). Observe your duty to Allah, that ye may be successful.
<u>Vol 3, Book 34. Sales And Trade.
Hadith 344. (Shahi Bukhari)</u>
Narrated By Az-Zuhri from Malik bin Aus That the latter said, "Who has change?" Talha said, "I (will have change) when our store-keeper comes from the forest."
Narrated 'Umar bin Al-Khattab Allah's Apostle said, "The bartering of gold for silver is RIBA, (usury), except if it is from hand to hand and equal in amount, and wheat grain for wheat grain is usury except if it is form hand to hand and equal in amount, and dates for dates is usury except if it is from hand to hand and equal in amount, and barley for barley is usury except if it is from hand to hand and equal in amount."
<u>Vol 3, Book 34. Sales And Trade.
Hadith 382. (Shahi Bukhari)</u>
Narrated By Ibn Shihab That Malik bin Aus said, "I was in need of change for one-hundred Dinars. Talha bin 'Ubaid-Ullah called me and we discussed the matter, and he agreed to change (my Dinars). He took the gold pieces in his hands and fidgeted with them, and then said, "Wait till my storekeeper comes from the forest." 'Umar was listening to that and said, "By Allah! You should not separate from Talha till you get the money from him, for Allah's Apostle said, 'The selling of gold for gold is RIBA (usury) except if the exchange is from hand to hand and equal in amount, and similarly, the selling of wheat for wheat is RIBA (usury) unless it is from hand to hand and equal in amount, and the selling of barley for barley is usury unless it is from hand to hand and equal in amount, and dates for dates, is usury unless it is from hand to hand and equal in amount."
<u>Vol 3, Book 34. Sales And Trade.
Hadith 386. (Shahi Bukhari)</u>
Narrated By Abu Salih Az-Zaiyat I heard Abu Said Al-Khudri saying, "The selling of a Dinar for a Dinar, and a Dirham for a Dirham (is permissible)." I said to him, "Ibn 'Abbas does not say the same." Abu Said replied, "I asked Ibn 'Abbas whether he had heard it from the Prophet s or seen it in the Holy Book. Ibn 'Abbas replied, "I do not claim that, and you know Allah's Apostle better than I, but Usama informed me that the Prophet had said, 'There is no RIBA (in money exchange) except when it is not done from hand to hand (i.e. when there is delay in payment).'"
<u>Vol 3, Book 38. Representation, Authorization, Bus....
Hadith 499. (Shahi Bukhari)</u>
Narrated By Abu Said Al-Khudri and Abu Huraira Allah's Apostle employed someone as a governor at Khaibar. When the man came to Medina, he brought with him dates called Janib. The Prophet asked him, "Are all the dates of Khaibar of this kind?" The man replied, "(No), we exchange two Sa's of bad dates for one Sa of this kind of dates (i.e. Janib), or exchange three Sa's for two." On that, the Prophet said, "Don't do so, as it is a kind of usury (RIBA) but sell the dates of inferior quality for money, and then buy Janib with the money". The Prophet said the same thing about dates sold by weight. (See Hadith No. 506).
<u>Vol 6, Book 60. Prophetic Commentary On The Qur'an....
Hadith 067. (Shahi Bukhari)</u>
Narrated By Ibn Abbas The last Verse (in the Quran) revealed to the Prophet was the Verse dealing with usury (i.e. RIBA).
Book 16. Commercial Transactions.
Hadith 3325. (Abu Dawud)
Narrated By AbuHurayrah The Prophet (pbuh) said A time is certainly coming to mankind when only the receiver of USURY will remain, and if he does not receive it, some of its vapour will reach him. Ibn Isa said Some of its dust will reach him.
<u>Book 16. Commercial Transactions.
Hadith 3327. (Abu Dawud)</u>
Narrated By Abdullah ibn Mas'ud The Apostle of Allah (pbuh) cursed the one who accepted USURY, the one who paid it, the witness to it, and the one who recorded it.
<u>Some of Practical disadvantages;</u>
As you know that schemes, like National Savings Schemes, are believed to increase Business activities through induced savings, but unfortunately these schemes are not helping large businesses. Instead they are harmful for small businesses.
A friend ne showed this position in the following way.
"My father got his retirement early and invested his Money in National Savings Schemes. I wanted to do my own business. But as I do not have money, I discussed some of business opportunities with my father. But he always sees the darker side of these plans as he feels unsecured in any of the businesses. He is satisfied with his safe though lesser earnings in the form of interest. Now he is worried about declining rate of interest of banking system. This is a case where a business activity or productivity is being sacrificed, for small amount of interest, not benefiting our family or any one else."
Edited by - amam_786 on Nov 27 2003 112925 AM
