May Allah safeguard us from Riba (Intrest Money) and Usry Those who consume interest cannot stand [on the Day of Resurrection] except as one stands who is being beaten by Satan into insanity. That is because they say, Trade is [just] like interest. But Allaah has permitted trade and has forbidden interest. So whoever has received an admonition from his Lord and desists may have what is past, and his affair rests with Allaah. But whoever returns [to dealing in interest or usury] - those are the companions of the Fire; they will abide therein. Allaah destroys interest and gives increase for charities. And Allaah does not like every sinning disbeliever. Indeed, those who believe and do righteous deeds and establish prayer and give Zakaah will have their reward with their Lord, and there will be no fear concerning them, nor will they grieve. O you who have believed, fear Allaah and give up what remains [due to you] of interest, if you should be believers. And if you do not, then be informed of a war [against you] from Allaah and His Messenger. But if you repent, you may have your principal - [thus] you do no wrong, nor are you wronged. [Quran 2:275-279] Abdullah Ibn Mas`ood may Allaah be pleased with him reported: The Messenger of Allaah sallallaahu `alayhi wa sallam ( may Allaah exalt his mention ) cursed the one who accepts usury and the one who pays it. [Muslim] The Hadeeth (narration) of At-Tirmithi adds: And the one who records it, and the two persons who stand witness to it. Both the parties, the one who charges interest and the one who pays it, are equally guilty in the matter of usury. This Hadeeth highlights the intensity of unlawfulness of the usury, or, what has come to be called nowadays interest which can be judged from the fact that not only the person who charges it and the one who pays it are cursed, but even those who write the documents and bear witness to the transaction are condemned although the latter two have no active part in the deal. They have been condemned for their mere co-operation in the matter of interest. Thus, we learn that even co-operation in the deal in which interest is involved is an invitation to the Curse and Wrath of Allaah. The reason for such severity in the matter of interest is that Islam wants to create a society that is founded on fraternity, sympathy, selflessness and sacrifice. If someone is in need of money, the rich should fulfill his needs for the sake of Allaahs Pleasure or give him a loan without interest. As against the Islamic system, this system of interest is based on selfishness, exploitation and suppression.
Posted on: Sat, 01 Feb 2014 13:23:09 +0000
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