By Editorial Staff
Riba or interest is prohibited in Islam as indicated by the Qur’an and authentic Sunnah of the Prophet Muhammad (peace be upon him). Riba spread out before the coming of Islam wearing away the Arab society and bringing about a vast expanse between the rich creditors who suck the small possessions of the destitute, and the poor ones who remained captivated to the kindness of the creditors.
Riba had numerous forms and ways at this time, some of which are still found today with its disgusting look. In his Farwell Sermon, the Prophet (peace be upon him) forbade all kinds of the riba used by the people of pre-Islamic era as he said, “All claims to usury of the pre-Islamic period have been abolished. You shall have your capital sums, deal not unjustly and you shall not be dealt with unjustly.” (Abu Dawud)
Moreover, the Qur’an completely prohibited all the forms of riba because it has been revealed by the All-Just and the All-Fair, God (Glory be to Him) who says,
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 Allah 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 Allah . But whoever returns to [dealing in interest or usury] – those are the companions of the Fire; they will abide eternally therein. (Al-Baqarah 2:275)
Enjoy watching this video by Sheikh Nouman Ali Khan as he explains the verses that talk about riba in the Qur’an and show us how the Qur’an pictured their punishment in this worldly life and in the Hereafter.
Source: Raashid Sherif Youtube Channel