Monday, December 1, 2008

Riba (USURY) In Qur'an

Riba (USURY) In Qur'an

The Prohibition of Riba in The Qur'an and Sunnah

Being an explanation of the Islamic prohibition of riba (i.e. borrowing and lending on interest, among other things), and an effort:

1.

to remind Muslims of the teachings of the Qur 'an and the Sunnah as they pertain to the prohibition of riba and, in particular, that a violation of this prohibition constitutes a great sin;
2.

to expose the grand design of hostile forces who have already made considerable progress, through riba, in gaining control over mankind. Their aim is to gain total control, and to use that power to destroy faith in Allah;
3.

to assist Muslims to get out of direct involvement in riba, and thus to preserve their faith (iman), while recognizing that it is today impossible to live a life which is completely free from riba.
4.

to explain the economic Sunnah (i.e. the Sunnah as it pertains to economic affairs) and, in particular, the nature of the free and fair market and the different ways through which that market has today been totally corrupted.
5.

to warn Muslims of the inevitable collapse of the present fraudulent system of non-redeemable artificial money, i.e. paper, plastic and electronic money; and to encourage them to return to the use of the real money created by Allah , i.e. gold and silver coins or any other real money;
6.

to contribute towards the restoration of the free and fair market (with a different business ethics to that of riba-based capitalism) by encouraging ba 'i (business) in the place of riba, and the raising of capital by way of mudarabah and musharaqa investments rather than bank loans on interest.

:.:. Judgment concerning usury .:.:

Those who devour usury will not stand except as stands one whom the Evil One by his touch hath driven to madness. That is because they say: "Trade is like usury," but Allah hath permitted trade and forbidden usury. Those who after receiving direction from their Lord, desist, shall be pardoned for the past; their case is for Allah (to judge); but those who repeat (the offence) are Companions of the Fire; they will abide therein (forever). (Al-Baqarah:275)
Al-Baqarah: 275


Allah will deprive usury of all blessing, but will give increase for deeds of charity; for He loveth not creatures ungrateful and wicked. (Al-Baqarah:276)
Al-Baqarah: 276


O ye who believe! Fear Allah, and give up what remains of your demand for usury, if ye are indeed believers. (Al-Baqarah:278)
Al-Baqarah: 278


O ye who believe! devour not Usury, doubled and multiplied; but fear Allah; that ye may (really) prosper. (Al-Imran:130)
Al-Imran: 130


That which ye lay out for increase through the property of (other) people, will have no increase with Allah: but that which ye lay out for charity, seeking the Countenance of Allah, (will increase): it is these who will get a recompense multiplied. (Ar-Rum:39)
Ar-Rum: 39

:.:. The punishment for usury .:.:
Allah will deprive usury of all blessing, but will give increase for deeds of charity; for He loveth not creatures ungrateful and wicked. (Al-Baqarah:276) Al-Baqarah: 276


If ye do it not, take notice of war from Allah and His Messenger: but if ye turn back, ye shall have your capital sums; deal not unjustly, and ye shall not be dealt with unjustly. (Al-Baqarah:279) Al-Baqarah: 279

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