Skip to main content

RIBA (Interest)

                 
Before I begin, I would to say that muslims are obsessed with money. They earn money without knowing  that whether it is halal or harm.

What is RIBA?
RIBA is an unjustified increment in borrowing or lending money. This is the simple definition of RIBA.

Why RIBA is haram in Islam?

Allah says in the Quran that RIBA
 in all forms was utterly condemned, and those cared not for its prohibition were threatened a holy war to be waged against them by Allah and his messenger (2:275-279)

On one occasion our beloved prophet Muhammad (pbuh) said that RIBA is more sinful than committing adultery repeatedly.

I'm quite perplexed that eating pork is haram but muslims don't have any problem with devouring RIBA. Muslims are well acquainted that engaging in RIBA is major sin. The fact remains that, Majority of muslims engage in RIBA and don't care what Allah says in the Quran.

Why it is haram because Allah declared it so as he is All-wise and All-Knowing.
Now I'm going to give few examples why it is prohibited in Islam.
All nations, large or small have foreign debts so their RIBA payments on these debts are heavy burden on the entire country. RIBA is the mother of human diseases. Debt kills, ''More than 1.3 billion live in extreme poverty — less than $1.25 a day. 1 billion children worldwide are living in poverty. According to UNICEF, 22,000 childrendie each day due to poverty. 805 million people worldwide do not have enough food to eat.''

1. RIBA is curse and disease.
2. RIBA is sure gain without the possibility of loss.
3. RIBA creates a monopoly in society as richer are getting richer and poorer are getting poorer.
4. RIBA is the cause of poverty.
5. RIBA is the cause of wars and destruction.
6. RIBA is from Satan.

In summary, I would like to say that we must not engage in RIBA because it is a major sin. It is totally prohibited in Islam. We must refrain from RIBA. If you want to lead your life in egalitarian society then support Islamic banking.


''I believe that banking institutions are more dangerous to our liberties than standing armies.''
Thomas Jefferson

Comments

Post a Comment

Popular posts from this blog

The history behind of Masjid Baiturrahman

Aceh is a special region of Indonesia. It is autonomous and Muslim majority state. It is the only one state in Indonesia where people live according to sharia customs and laws. Its capital is Banda Aceh. Once Aceh was a cosmopolitan city. Aceh played a very pivotal role in the development and spread of Islam to the rest of the Malay Archipelago. It is very close to Andaman and Nicobar Islands of India. I would like to shed light on the history of Masjid Baiturrahman. Masjid Baiturraham is located in the center of Banda Aceh. Basically, it was built by Iskandar Muda in 1612. It is said that the original mosque was built by Sultan Alaidin Mahmudsyah in 1292. It is the symbol of religious life and bravery of Aceh people. It is one of the beautiful mosques in Indonesia. The Masjid remained the center of armed resistance to Dutch invaders. When it became the center of armed resistance. Therefore, it was burned down by Dutch in 1874. When it was through and through damaged, Acehnese peo...
Post a Comment
Read more

After Ottoman Empire

After Ottoman empire I am going to shed light on what happened after dissolving Ottoman empire. Before starting, we need to know as to Ottoman empire. Ottoman empire was founded by Osman at the end of the 13th century. Ottomans ruled large areas of the middle east, eastern Europe and North africa. The countries which were ruled by Ottoman which are now Saudi Arabia, Jordan, Egypt, Greece, Israel, Palestine, Romania, Lebanon and Bulgaria. During the reign of Suleiman the magnificent. Ottomans were known for their achievements in art, science and medicine. Istanbul was called artistic hub round the globe. The Ottoman calligraphy, painting, ceramics, poetry, textiles, carpet waving and music were famous throughout the world. Science was regarded the important field of study. The Ottoman learned and studied astronomy, mathematics, chemistry, physics and geography. The Ottoman were advanced in medicine. They invented various kinds of instruments which are still used today such as fo...
Post a Comment
Read more

How Islam eradicated polytheism and superstitions.

It's very interesting topic to discuss how Islam eradicated polytheism and superstitions. Our beloved prophet (pbuh) propagated two distinct ideas which were based on two principles. Tawheed Rububiyyah, which means that Allah, is One, without any partners or associates.  Tawheed 'Ulluhiyyah, which means that, Allah must be worshiped alone, total slavery must be to Allah  alone ranging from the spiritual to political. This was the message of Tawheed which provoked the angry of Makkah authority because they realized that Mohammad (pbuh) posed a threat to their hegemony. Our beloved Prophet (pbuh) summoned them to worship the one and true God. Polytheism and superstitions looked upon things and creatures as deities because they regard everything sanctity. Before the advent of Islam. Polytheism and superstitions dominated the whole world. Before Islam people regarded the moon, the sun, water, fire, sky, sea and mountains as deities. Basically, Modern science is the pa...
Post a Comment
Read more