Interest

**aamirsaab** · **Interest -** 12-17-2004

asalam brothers/sisters

under my knowledge and experience muslims are not allowed to accept interest for one basic prininciple: a muslim should earn his money just as he earns everything else in this life. there is probably a hadith on this somewhere that explains in furhter detail but my point is simple: earn your money, earn others respect, earn your family, earn your reward, earn your grades. -> this is what makes a muslim different to non believers In my opinion at least.
(i know that there are other attributes that distinguish a muslim from others but i was just explaining this particular one and its importance)

wasalam to all
p.s good luck to all who have an exam in january. inshalla we shall all make dua for everyone to pass.

A. Mukhtar · **Re: Interest -** 12-17-2004

Brother, that's true... Interest is not allowed in Islam. There's probably a Hadith on it, but I am pretty sure that there is something more powerful than the hadith, Qur'an, which deals with this topic (maybe not as extensive as the hadith). It plainly prohibits interest, 'Ribba', both to the one who asks for it and the one who takes.

**aamirsaab** · **Re: Interest -** 12-17-2004

brother
thanks for the backup

Ummatee · 12-31-2004

RIBA IS HARAM IN ANY FORM..tHE BELOW VERSE CPNCERNS THE SEVERITY OF THIS EVIL:

" O YOU WHO BELEIVE, OBSERVE YOUR DUTY TO ALLAH AND GIVR UP WHAT REMIAINS (DUE) FROM INTEREST, IF YOU ARE BELIVERS. BUT IF YOU DO NOT DO IT, THEN BE WARNED OF WAR FROM ALLAH AND HIS MESENGER; AND IF YOU REPENT THEN YOU SHALL HAVE YOUR CAPITAL. DO NOT EXPLOIT AND BE NOT EXPLOITED."
(SURAH2:VERSES278-279)

Preacher · **Re: Interest -** 07-16-2005

This is a delicate issue and requires an in-depth discussion to its logical conclusion for those who don't possess complete knowledge, since some pseudo-Muslims and others have confused this issue while successfully preying on naive and ignorant Muslims. The following treatise discusses the issue and exposes the forgery of Pseudo-Muslims.

Understanding Islaamic concept of "r i b a" (usury).

Preacher

Far7an · **Re: Interest -** 07-16-2005

Assalamu 'alaikum

Also read the following fatawa regarding interest InshaAllah.

What should a person who borrowed with interest(Ribba) do?

He has been offered a job in a bank that deals in riba (interest)

Taking interest and offsetting losses with riba

Borrowing from a riba-based bank in order to buy a house

Ruling on depositing money in the bank, and interest

Ummu Amatullah · **Re: Interest -** 07-18-2005

asallama alaikum
brother as far as i'm concerned Riba(usury)is prohibited in islam whether it be Riba An -Nasi'a i.e interest on lent money or Riba Al-Fadl i.e. taking a superior thing of the same kind of goods by giving more of the same kind of goods of inferior quality.
Allah mentions in the holy quran: "Those who eat Riba will not stand (on the Day of Resurrection)except like the standing of a person beaten by the Shaitan leading him to insanity.That is because they say: "Trading is only like Riba." Whereas Allah has permitted trading and forbidden Riba.So whosoever receives an admonition from his lord and stops eating Riba shall not be punished for the past; his case is for allah(to judge); but whoever returns to Riba,such are the dwellers of the fire- they will abide therein."(V.2:275)

scared one · 05:06 PM

isnt their another reason why intersets is haraam?. because i know their is, on this site i cant remember what it was i just looked, it said its haram to charge people interset when they wanna borrow money from you. Not just cause your earning money unfairly but your making money off others loses's which is the one of the same reasons that gambling is haram because your hurting people like that by making money off their loses's. somebody please respond to my reply. on the site actually a link from the site talked about having a job in the bank which they said was haram cause of the interset. i wonder is it a greater sin to accept interset or to charge interset when somebody wants to borrow money from you?.

Ummu Amatullah · **Re: Interest -** 08-11-2005

Yes,doing that is haram.I think you anwered your own question in lines 2-3.

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	(#1 (permalink))
aamirsaab LI Legend. Status: Online Posts: 3,348 Reputation: 19062 Rep Power: 51 Join Date: Dec 2004 Location: Leicester Gender: Way of Life: Muslim	Interest - 12-17-2004 asalam brothers/sisters under my knowledge and experience muslims are not allowed to accept interest for one basic prininciple: a muslim should earn his money just as he earns everything else in this life. there is probably a hadith on this somewhere that explains in furhter detail but my point is simple: earn your money, earn others respect, earn your family, earn your reward, earn your grades. -> this is what makes a muslim different to non believers In my opinion at least. (i know that there are other attributes that distinguish a muslim from others but i was just explaining this particular one and its importance) wasalam to all p.s good luck to all who have an exam in january. inshalla we shall all make dua for everyone to pass.

	(#2 (permalink))
A. Mukhtar Limited Member Status: Offline Posts: 38 Reputation: 600 Rep Power: 0 Join Date: Dec 2004 Gender:	Re: Interest - 12-17-2004 Brother, that's true... Interest is not allowed in Islam. There's probably a Hadith on it, but I am pretty sure that there is something more powerful than the hadith, Qur'an, which deals with this topic (maybe not as extensive as the hadith). It plainly prohibits interest, 'Ribba', both to the one who asks for it and the one who takes.

	(#3 (permalink))
aamirsaab LI Legend. Status: Online Posts: 3,348 Reputation: 19062 Rep Power: 51 Join Date: Dec 2004 Location: Leicester Gender: Way of Life: Muslim	Re: Interest - 12-17-2004 brother thanks for the backup

	(#4 (permalink))
Ummatee Moderator Status: Offline Posts: 55 Reputation: 60 Rep Power: 24 Join Date: Dec 2004	12-31-2004 *RIBA IS HARAM IN ANY FORM..tHE BELOW VERSE CPNCERNS THE SEVERITY OF THIS EVIL:* " O YOU WHO BELEIVE, OBSERVE YOUR DUTY TO ALLAH AND GIVR UP WHAT REMIAINS (DUE) FROM INTEREST, IF YOU ARE BELIVERS. BUT IF YOU DO NOT DO IT, THEN BE WARNED OF WAR FROM ALLAH AND HIS MESENGER; AND IF YOU REPENT THEN YOU SHALL HAVE YOUR CAPITAL. DO NOT EXPLOIT AND BE NOT EXPLOITED." *(SURAH2:VERSES278-279)*

	(#5 (permalink))
Preacher LI Senior Member Status: Offline Posts: 96 Reputation: 83 Rep Power: 22 Join Date: Jun 2005 Way of Life: Undisclosed	Re: Interest - 07-16-2005 This is a delicate issue and requires an in-depth discussion to its logical conclusion for those who don't possess complete knowledge, since some pseudo-Muslims and others have confused this issue while successfully preying on naive and ignorant Muslims. The following treatise discusses the issue and exposes the forgery of Pseudo-Muslims. Understanding Islaamic concept of "r i b a" (usury). Preacher __________________ “Do not allow your enemy to define you. Because if you allow yourself to be defined negatively, nothing positive you say about yourself will register.”

	(#6 (permalink))
Far7an zAk's Mureed Status: Offline Posts: 4,358 Reputation: 16567 Rep Power: 48 Join Date: Jan 2005 Location: UK Gender: Way of Life: Muslim	Re: Interest - 07-16-2005 Assalamu 'alaikum Also read the following fatawa regarding interest InshaAllah. What should a person who borrowed with interest(Ribba) do? He has been offered a job in a bank that deals in riba (interest) Taking interest and offsetting losses with riba Borrowing from a riba-based bank in order to buy a house Ruling on depositing money in the bank, and interest

	(#7 (permalink))
Ummu Amatullah Defender of Islam Status: Offline Posts: 895 Reputation: 677 Rep Power: 21 Join Date: Jul 2005 Location: Minneapolis,Minnesota Gender: Way of Life: Muslim	Re: Interest - 07-18-2005 asallama alaikum brother as far as i'm concerned Riba(usury)is prohibited in islam whether it be Riba An -Nasi'a i.e interest on lent money or Riba Al-Fadl i.e. taking a superior thing of the same kind of goods by giving more of the same kind of goods of inferior quality. Allah mentions in the holy quran: "Those who eat Riba will not stand (on the Day of Resurrection)except like the standing of a person beaten by the Shaitan leading him to insanity.That is because they say: "Trading is only like Riba." Whereas Allah has permitted trading and forbidden Riba.So whosoever receives an admonition from his lord and stops eating Riba shall not be punished for the past; his case is for allah(to judge); but whoever returns to Riba,such are the dwellers of the fire- they will abide therein."(V.2:275)

	(#8 (permalink))
scared one Limited Member Status: Offline Posts: 30 Reputation: 17 Rep Power: 0 Join Date: Jul 2005 Gender: Way of Life: Muslim	Re: Interest - 07-30-2005 isnt their another reason why intersets is haraam?. because i know their is, on this site i cant remember what it was i just looked, it said its haram to charge people interset when they wanna borrow money from you. Not just cause your earning money unfairly but your making money off others loses's which is the one of the same reasons that gambling is haram because your hurting people like that by making money off their loses's. somebody please respond to my reply. on the site actually a link from the site talked about having a job in the bank which they said was haram cause of the interset. i wonder is it a greater sin to accept interset or to charge interset when somebody wants to borrow money from you?. Last edited by scared one; 07-30-2005 at 05:06 PM..

	(#9 (permalink))
Ummu Amatullah Defender of Islam Status: Offline Posts: 895 Reputation: 677 Rep Power: 21 Join Date: Jul 2005 Location: Minneapolis,Minnesota Gender: Way of Life: Muslim	Re: Interest - 08-11-2005 Yes,doing that is haram.I think you anwered your own question in lines 2-3.