Riba – Interest – Usury – Prohibition in Islam

How Is Interest Illegal?

If we explore the Qur´an we will many places where Allah has mentioned interest. The word “Riba” is used in the Holy Quran 8 times. In 30:39,4:161,3:130, 2:276,2:278 and 3 times in 2:275.

Surah Baqarah – Verse 275:

Those who eat Riba (usury) will not stand (on the Day of Resurrection) except like the standing of a person beaten by Shaitan (Satan) leading him to insanity. That is because they say: Trading is only like Riba (usury), whereas Allah has permitted trading and forbidden Riba (usury). So whosoever receives an admonition from his Lord and stops eating Riba (usury) shall not be punished for the past; his case is for Allah (to judge); but whoever returns [to Riba (usury)], such are the dwellers of the Fire – they will abide therein.

276:

Allah will destroy Riba (usury) and will give increase for Sadaqat (deeds of charity, alms, etc.) And Allah likes not the disbelievers, sinners.

277:

Truly those who believe, and do deeds of righteousness, and perform As-Salat (Iqamat-as-Salat), and give Zakat, they will have their reward with their Lord. On them shall be no fear, nor shall they grieve.

278:

O you who believe! Be afraid of Allah and give up what remains (due to you) from Riba (usury) (from now onward), if you are (really) believers.

279:

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 (by asking more than your capital sums), and you shall not be dealt with unjustly (by receiving less than your capital sums).

Beautiful recitation of Quranic verses from Surah Baqarah concerning Riba i.e. Usury or Interest

Surah Ale-Imraan – Verse 130:

“O you who believe! Eat not Riba (usury) doubled and multiplied, but fear Allah that you may be successful.”

131:

And fear the Fire, which is prepared for the disbelievers.

132:

And obey Allah and the Messenger (Muhammad Sallalahu ‘Alayhe Wasallam) that you may obtain mercy.

Surah Al-Nisaa(4)’ 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”.

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.”

If you are dealing in interest. Please do not expect angels to come down with swords to wage a war against you. It is talking about the severity of the sin. For other sins like alcohol, gambling etc. the Quran says

“O ye who believe! Intoxicants and gambling, (dedication of) stones, and (divination by) arrows, are an abomination,- of Satan’s handwork: eschew such (abomination), that ye may prosper.” (Quran 5:90)

Here the Quran says that intoxicants and gambling are Satan’s handiwork and abstain from it. In the case of Riba (Interest) the Quran does not only say that it’s a sin but it says that Allah (SWT) and his messenger Muhammad (pbuh) will wage a war against.,

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