Impermissiblilty of Interest In Islam Hadith 1 :A time is 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. (Ahmad, Abu Dawud, Nasai, Ibn Majah). Hadith 2 : A dirham which a man knowingly receives in usury is more serious (a crime) than thirty-six acts of fornication. (Ahmad, Daraqutni). ite a Hadith 3 : When a man makes a loan to another, he must not accept a present. (Bukhari). Usury/Interest is such a big sin in Islam that Allah says in the Quran as to whoever devours usry should be ready for a War from Allah and his Messenger. How to partially free oneself from interest. If you have a bank account with you getting interest from it, write an application to the manager of your branch that you intend not to take interest from your account which is a miniscule few rupees. Below is the format: The Manager XXXX Branch XXX Bank Dated Subject : Request for not accumulating interest on my savings bank account with immediate effect. Sir, I am Mr./Mrs. XX and i have a savings bank account in your branch with account no. S/b : XXXXXXXXXXX. I intend not to have any kind of interest accumulated on my savings in my account. I request you to deduct all the previous interest that has accumulated on my account as well as add no more to my savings in the future as well with immediate effect. Sincerely, Mr./Ms./Mrs. XXXXX Account No : XXXXXXXXX
Posted on: Mon, 17 Jun 2013 02:35:38 +0000
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