Interest in Islam: Like every religion, Islam also has some rules and regulations. Some things are considered completely prohibited i.e. Haram in Islam, which include alcohol, gambling, tattooing and shirk. One of these things is interest. In Islam, both taking and giving interest are considered haram. Haram in Islam means an act clearly prohibited or forbidden by Allah and the Quran. In such a situation, both taking and giving interest are strictly prohibited for a true Muslim. What has been said about interest in Islam, we know from Islamic scholar Mufti Salauddin Qasmi.
In Islam, interest (called ‘Riba’ or usury) is completely Haram (forbidden/prohibited). Usury has also been mentioned in Quran Sharif, the holiest book of Islam and it has been described as the biggest crime. Taking or giving interest is against Sharia. For Muslims, interest is illegitimate because it makes the rich richer. At the same time, it makes the poor poorer, which leads to injustice and injustice is not liked in Islam.
interest is a big crime in islam
According to Islamic beliefs, not only the person who consumes usury is guilty, but Prophet Muhammad has also cursed the person who pays usury, the person who writes it and his two witnesses. Interest destroys the prosperity of home and business, as it is considered a satanic fraud in Islam. The punishment for interest (riba) in Islam is very severe. Allah has declared taking or giving interest as oppression and has said that you should neither commit oppression yourself nor should you be oppressed.
Why is interest prohibited?
The custom of giving and taking interest was prevalent even before the Prophet Muhammad. The rich benefited from this. But the poor could not escape its wrath. Prophet Muhammad raised his voice against this custom and advised people to stay away from it. By taking or paying interest, the blessing of earning gets lost. Not only this, the good deeds and rewards of a Muslim also come to an end. Allah told Muslims in the Quran, “O you who believe, do not pay interest by doubling or quadrupling it. Fear Allah.” Usury has been mentioned in the biggest Surah of Quran, Al Baqarah, which makes it clear that taking interest is both haraam in Islam.
- Quran 2:276- Allah abolishes usury and increases charity and Allah does not like any ungrateful sinner.
- Quran 2:278- O you who have believed! Fear Allah and leave the remaining interest if you are a believer.
punishment of interest in islam
According to Islamic beliefs, when the moneylenders will be raised on the Day of Judgment, they will rise as if they have been touched by Satan and driven mad. It is stated in the Hadith that whoever commits any sin other than disbelieving in Allah will not remain in Hell forever, but will eventually be taken out of Hell after being punished for his sins. But the person giving or taking usury will always remain in hell.
Loan giving method for Muslims
Islamic scholars say that if you have money, then give loans to needy people and give them so much time to return that the loanee can easily return it. If due to some compulsion he is not able to return the money to you on time, then do not be strict on him, do not insult him, rather give him more time.
One should avoid disobedience to Allah. One should not adopt the wrong way, wrong means, wrong path to earn livelihood, because no person can die until he gets complete livelihood. Yes, there may be some delay or difficulty in getting it. Till then we should continue to be patient and thankful. But one should avoid adopting bad methods for earning money and should adopt the right, legitimate, halal methods while fearing Allah and avoiding disobedience to Him.