Saturday, June 29, 2013

Prohibition of Riba (Usury or Interest) in Islam

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Prohibition of Riba (Usury or Interest) in Islam
Allah says in the QURAN:
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. 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).
[Al-QURAN 2: 278, 279]
Narrated Jabir ibn Abdullah: Allah's Messenger cursed the accepter of interest and its payer, and one who records it, and the two witnesses; and he said: They are all equal.
[Muslim]

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