[Wezfyowk]

Interest (Riba`)
By A Student of Darul-Uloom, Bury, U.K.

CLICK HERE FOR THE ARTICLE

Contents Of The Above Article:

Contents

1) The Definition of Interest
2) Interest in Pre-Islamic Times
3) Islam’s View of Trade
4) How is Interest Illegal?
5) Ahaadith Concerning Interest
6) Interest from a Jurisprudical View
7) Advice

[ProomoSam]

Jazakallah khair.

Also, I did some amateur research on the issue, and it seems that usury/interest just creates artificial debt, which can slowly bring everyone into debt if practiced enough.

Don't think I can still post links yet, so if you google "hazariba why riba was prohibited", the first suggestion should be the link, showing in an economic view how interest is pretty much theft, because not only is it illegal in an Islamic standpoint, but by sending out artificial debt into the economy, it will create a cycle of debt that, in the end, can't be repaid.

I also found a good documentary (I have a small interest in economics ) on youtube that tells of monetary theory (where money comes from), and it turns out that in modern times money now represents debt (because there is so much debt now), and helps illustrate how interest fared/played its role in this.

Not sure if I can post videos (don't even know how for that matter), but the documentary can be found on youtube, entitled "Money as Debt". There are 3; it's the first one.


I used to remember whenever pawlak presented threads on how bankers are enslaving us, I always wondered "how?", but after learning how riba works and what it has lead to for us, it turns out that riba/interest actually can bring everyone into debt...


So even more hikmah on the prohibition of riba there. :/

Oh,
/not a scholar, not a professional, not anything of those stuff.

[hasasnn2345tv]

Jazakallah khair.

Also, I did some amateur research on the issue, and it seems that usury/interest just creates artificial debt, which can slowly bring everyone into debt if practiced enough.

Don't think I can still post links yet, so if you google "hazariba why riba was prohibited", the first suggestion should be the link, showing in an economic view how interest is pretty much theft, because not only is it illegal in an Islamic standpoint, but by sending out artificial debt into the economy, it will create a cycle of debt that, in the end, can't be repaid.

I also found a good documentary (I have a small interest in economics ) on youtube that tells of monetary theory (where money comes from), and it turns out that in modern times money now represents debt (because there is so much debt now), and helps illustrate how interest fared/played its role in this.

Not sure if I can post videos (don't even know how for that matter), but the documentary can be found on youtube, entitled "Money as Debt". There are 3; it's the first one.


I used to remember whenever pawlak presented threads on how bankers are enslaving us, I always wondered "how?", but after learning how riba works and what it has lead to for us, it turns out that riba/interest actually can bring everyone into debt...


So even more hikmah on the prohibition of riba there. :/

Oh,
/not a scholar, not a professional, not anything of those stuff.

Rasoolullah said,
"A dirham which a man consumes as riba knowingly is worse before Allaah than thirty-six acts of zina."
"There are seventy-two types of riba, the least of which is like a man committing incest with his mother."
"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."

We, especially those that live in the West or even in cities in the East (including the Muslim world), are living in such times. Our employers may indulge in riba. Even if we run a business, our suppliers indulge in riba.

EDIT: These and other ahaadith are found in the article posted. It is a must read!

[SarkisPioute]

Today , the whole banking-system of the world has interest in it...how come Muslims ignore it? Banks work on this principle..What alternatives do Muslims have?

[Wezfyowk]

We Should Raise The Importance So People Can Stay Away From This Sin !

[Clolmemaexata]

Asalamu Alaikum,

I've read that the exchange of inferior quality dates of 2 kg with superior quality dates of 1kg is considered riba due to combining two transactions in one.

On what items does this apply ?..also if I exchange two old computers for a new one in a single transaction is it also considered as riba :s ?..

Wassalamu Alaikum