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Subject: INTEREST
Replies: 0 Views: 224

miirfan 22.03.16 - 07:03pm
INTEREST

Dealing in interest or usury is totally forbidden or haram for Jews, Christians and Muslims as they received guidance from one and the same God. Allah (SWT) knows that interest is extremely destructive for any group of people at any place and time. Jews and Christians have openly violated this law of Allah (SWT). They have also imposed it on the people of other faiths so much so that these people of other faiths are deeply buried in it and do not find a way out of this hardship. An-Nisa 160-161 For the wrong-doing of the Jews, We made unlawful for them certain good foods which had been lawful for them C and for their hindering many from Allahs Way; And their taking of Riba (usury) though they were forbidden from taking it and their devouring of mens substance wrongfully (bribery). And We have prepared for the disbelievers among them a painful torment. Many of the Muslims are also caught up in this wave of destruction. They try to find ways to go around the law of Allah (SWT) . Some times they give lame excuses to justify their involvement in interest bearing activities. It is, therefore, essential to review the guidance provided by Quran and Hadith pertaining to interest. Very detailed guidance is given in Surah Al-Baqarah 275 -276 & 278-280 Those who eat usury will not stand (on the Day of Resurrection) except like the standing of a person beaten by Satan leading him to insanity. That is because they say: Trading is only like usury, whereas Allah has permitted trading and forbidden usury. So whosoever receives an admonition from his Lord and stops eating usury shall not be punished for the past; his case is for Allah (to judge); but whoever returns to usury, such are the dwellers of the Fire C they will abide therein. Allah will destroy usury and will give increase for Sadaqat (deeds of charity, alms, etc.) And Allah likes not the disbelievers, sinners. O you who believe! Be afraid of Allah and give up what remains (due to you) from usury (from now onward), if you are really.GIF believers. And if you do not do it, then take a notice of war from Allah and His Messenger but if you repent, you shall have your capital sums. Deal not unjustly, and you shall not be dealt with unjustly. And if the debtor is in a hard time (has no money), then grant him time till it is easy for him to repay, but if you remit it by way of charity, that is better for you if you did but know. According to the view of many scholars such person will be raised in his grave as if Satan has over powered him and he will be acting crazy. He will, therefore, be
easily identified. This is because he made fun of the law of Allah (SWT) by saying that interest is identical to trade since both involve some amount of profit. On the other hand, Allah (SWT) who created everything knows best and by His Grand Wisdom made interest haram and the trading halal. Al-Mulk 14 Should not He Who has created know? And He is the Most Kind and Courteous (to His slaves), All-Aware (of everything). Note that by giving charity, a person gives his wealth to others and it somewhat reduces his capital. By charging interest a person receives money from others on top of his capital. Quran explains this contradiction. A person who gives charity does so for the sake of Allah (SWT) and for the reward from Allah (SWT) on the Day of Judgement. This reward is immense. Hence his capital and benefits have actually grown.

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