Friday 18 June 2021

Interest on Money Lent

In the Name of Allah, the Gracious, the Merciful 

Almost every Muslim religious leader asserts that interest on money lent is حرام (prohibited) in Islam as الربا (Ar-Riba), in terms of Verse 2:275 of the Qur'aan. They equate Ar-Riba to interest. 

But I have found nothing in the Qur'aan to support this equation! The leaders say that the term is not defined in the Holy Book. 

 

How could they say so when the divine Book repeatedly reiterates that it is well explained within itself (Verses 17:12, 16:89, 6:55, 41:3, 11:1, 17:89, ...)? Are they not thus betraying their lack of faith in the Qur'aan being divine?

 

For further details on this, please refer to the web page What Is Ar-Riba! 

 

And for a comprehensive information on this topic, kindly read ISLAM AND INTEREST

 

Mohammad Shafi 

Friday, the 18th of June 2021.

 

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