Conference about the 'Riba' (interest, usury), Kuala Lumpur
By Sheykh Imran Hosein,
www.imranhosein.org
Allah swt states in Quran:
The Prophet Mohammad, may Allah’s mercy and peace be upon` him, said in his farewell sermon: “God has forbidden you to take Riba, therefore all riba obligation shall henceforth be waived. Your capital, however, is yours to keep. You will neither inflict nor suffer inequity. God has judged that there shall be no riba and that all the riba due to `Abbas ibn `Abd al Muttalib shall henceforth be waived.”[3]
Quran explicitly prohibits Riba, and since Quran is an undisputed source of guidance, all Muslims unanimously agrees on prohibition of Riba. There is no difference of opinion among any school of thought on prohibition of Riba in Islamic Shariah.
By Sheykh Imran Hosein,
www.imranhosein.org
Allah swt states in Quran:
يَا أَيُّهَا الَّذِينَ آمَنُواْ لاَ تَأْكُلُواْ الرِّبَا أَضْعَافًا مُّضَاعَفَةً وَاتَّقُواْ اللّهَ لَعَلَّكُمْ تُفْلِحُونَ
3:130 O you who have believed, do not consume usury, doubled and multiplied, but fear Allah that you may be successful.
وَأَحَلَّ اللّهُ الْبَيْعَ وَحَرَّمَ الرِّبَا
2:175 Allah has permitted trade and has forbidden interest
Quran explicitly prohibits Riba, and since Quran is an undisputed source of guidance, all Muslims unanimously agrees on prohibition of Riba. There is no difference of opinion among any school of thought on prohibition of Riba in Islamic Shariah.
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