How Is Interest Illegal The definition of interest has already been mentioned as well as that it is prohibited. If we explore the Qur’an we will come across at least four places where Allah has mentioned interest. The first one is in Surah Al-baqarah verse no.275 "Those who devour usury will not stand except as stands one whom the Satan by his touch has driven to madness. That is because they say, "trade is like usury", but Allah has permitted trade and has forbidden usury", In the next verse verse 276 in the same place he says, "Allah will deprive usury of all blessing, and will give increase for deeds of charity, for he does not love any ungrateful sinner." Two verses later in verse 278 he says, "Oh you who believe! Fear Allah and give up what remains of your demand for usury if you are indeed believers." In verse 279 he says, "If you do not, take notice of war from Allah and his Messenger sallallahu alaihe wasallm but if you repent you shall have your capital sum. Deal not unjustly and you shall not be dealt with unjustly." In the second place in Surah Aal-Imran, verse no.130 Allah says, "Oh you who believe! Devour not usury doubled and multiplied; but fear Allah that you may prosper." In the third place in Surah Al-Nisaa’ Allah states in verse 161, "That they took usury though they were forbidden and they devoured peoples wealth wrongfully; we have prepared for those amongst them who reject faith a grievous chastisement." In the fourth place, Surah Al-Room, verse no.39 Allah mentions "That which you give in usury for increase through the property of people will have no increase with Allah: but that which you give for charity seeking the countenance of Allah, it is these who will get a recompense multiplied."
Posted on: Mon, 26 Aug 2013 06:27:42 +0000
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