forbid Usury.md
List of chapters::verses
1. Ar-Rahman (الرحمن) The All-Compassionate 2. Ar-Rahim (الرحيم) The All-Merciful
peace be upon you brothers and sisters
;; Ramadan 14, 1445
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this is said Mirza from really
notreason.com and in today's talk I
wanted to look at what the Quran has to
say about ? interest or usury now the
Arabic word riba which is usually
translated as usury or interest just
means an addition over the principle sum
so
? it is irrelevant whether we call this
use your interest any sum that is
collected that is above the principal
sum is ? and that is forbidden in the
Quran
I know that people living in the west
Muslims living in the west have found
this loophole which is called Islamic
Banking and the way they usually these
schemes work is that the bank the
Islamic Bank buys the property the house
or the car
? at a at a price and then the person
who is in debt who who takes charge of
this asset
he is supposed to pay that money off but
the bank charges them more than the
asset value
and they create installment plans and
then the person has to pay them off
within 12 or 24 years or whatever
the term is that they have agreed on
this is a loophole ? in essential in
effect you're this is interest this is
the same thing because all you're doing
is that ? you're saying okay ? we're
gonna buy this house for 500 000 and
we're gonna sell it to you for
seven hundred thousand dollars and then
you give us installment this is nothing
different than charging interest because
you at the end the the lender at the end
? makes a profit off of the principal
sum they put in Fire and thousand and
they got 200 000 extra so that's ribeye
it's forbidden so you know it it's not
that difficult to catch this obviously
if you're looking for loopholes you'll
find loopholes ? for many injunctions
in the Quran and this is an example of a
loophole so coming back to what the
Quran has to say about interest or usury
is that any addition to the sum is ? is
is interest is is is rib eye it's
forbidden and ? that ?
I think the best way to go about this
would be to just go over the the quranic
the Arabic the definition of what this
word is the Arabic word riba and for
that we look at Lane's lexicon
? and here he describes this entry as
? the Arabic word riba means and access
and an addition
and addition over and above the
principal sum that is Lent or expanded
so this is from Lane's lexicon now let's
look in the quranic verses to see if we
can get some more details about this
practice and why it's forbidden so
let's look at ? chapter 3 verses 130 through 132.
oh you who hit warning consume not usury doubled and redoubled and B in prudent fear of God that you might be successful and be in prudent fear of the fire prepared for the false claimers of guidance and obey God and the messenger that you might obtain Mercy
there's also the excuse in the modern
man that interest or usually is
intrinsic to conducting a business if
you want to run an Enterprise then you
have to engage in getting a loan and ?
that you know you can't do business
without it and this is again rejected by
the Quran ? God has allowed commercial
transactions he has allowed trade ? but
he has forbidden ? he has forbidden
interest or usury we read in the Quran a
complete Revelation this is Brother
again's translation
chapter 2 verses 275 and 276.
those who consume usury will
not stand save as stance he whom the
Satan buffets with his touch for it is
that they say Commerce is about the same
as usury when God has made Commerce
lawful and forbidden usury and he to
whom came the admonishment from his Lord
and desisted he has what is past and his
cases with God but whoso returns those
are the companions of the fire therein
thereby eternally God eliminates usury
and increases charity and God loves not
every ingrate and sinner
you're gonna see in these horses the the
comparison between usury or thereby
interest and on the other hand charity
? giving men wealth
? especially men in need that's what
the word charity is so why why is there
a play between these two terms because
?
it's better to give money
? and hope for God's reward versus
engaging in these ? in this
exploitative practice of increasing your
wealth because God would eliminate ?
your usury and he will increase your
charity
and also we find in the Quran the
instance that if the Believers do not
give up the practice of ? charging
interest then they are threatened with
war
this highlights the grave nature of the
sin because again this promotes an
exploitative system which we are
currently living in where the fiat
currency the dollar is ? is based off
of interest and this creates this whole
? inflation issue and ? literally this
system is designed to siphon the wealth
from the lower classes up to the higher
classes
we read in chapter two verses 278-281
or Yahoo heat warning be in fruit and fear of God and give up what remains of usury if you be Believers and if you do not then be informed of war from God and His messenger but if you repent then to you are your principal sums doing no wrong you will not be wronged and if he be one in hardship then deferment until ease but that you forgive by way of Charity is better for you if you would know and be in prudent fear of a day wherein you will return to God then every soul will be paid in full for what it earned and they will not be wronged
now (?) just want to pull up the Arabic on
this because (?) wanted to go a little bit
in depth about ? you know how the Quran
uses this term
?
so
it says
warning or you or you who believe fear
God
and let go for forsake ? whatever
remains of river so whatever money you
spent that you have given loan to people
and you're expecting
? the money back with interest then ?
forego the interest okay in control
moment if you are believers okay
and if you do not know then be then the
announcement is that there will be a war
from God and His messenger but if you
repent then ? to you are your principal
sums
? and so here we have wine toptum so if
you repent
then to you are your principal sums
so ? but against here has a note here
it says literally this means the heads
of your wealth because rose means head
as in as in the major part we want to
look at other translations here too
because this is a critical juncture so
we have here on reader.coordinate.com we
have translations from Arbury sahih
International Khan and ? Library
translates this as ? yet if you repent
you shall have your principle wronging
and unronged sahih international
translates this but if you repent you
may have your principle thus you do no
wrong nor are you wronged and hilali and
Khan has here
?
but if you repent you shall have your
capital sums
so
it's clear what it's talking about the
river is in addition to a principle sum
so it's not about you know whether or
not you can take a little bit of money
off of the principle and you know you
forgo the rest or that you forego your
principle some no so if you don't if you
don't do wrong and you will not be wrong
so you have a right to the money that
you put in that you gave someone so you
should ask for your principal some but
do not ask of anything beyond that which
is the word ribba
but also there's the stipulation that if
that person who is in is in hardship the
debtor is in hardship then
you can defer that
or if you forget by way of Charity that
is better for you so
?
and then you know again there's there's
a play on this it says and be important
for you over there when you shall be
returned to God then every soul will be
paid in full for what it earned so they
will get their principal sums they will
not be wrong there as well
? you didn't do any wrong God will not
wrong you you will be paid in full for
what you have earned
so coming back to the ?
the Quran ? we have another set of
verses here this is chapter 30 verses 37 239
have they not considered the god expanse provision for whom he wills and he straightens and that approves for people who believe so give thou the relative is due and the needy and the Wayfarer that is best for those who desire the face of God and it is they who are the successful and what you give of usury that it might increase in the wealth of men there is no increase with God but what you give a purity Desiring the face of God it is they who receive recompense manifold so again if you are
giving your wealth so that you can
charge interest on that or money back
from that in addition to your principal
sum then you're hoping for your increase
in wealth but there is no increase with
God and
in the sense that
God will eliminate usury he will he will
make you either taste in this life
? poverty and degradation humiliation
or in the next life you will be adverted
to the fire but if you give off Purity
you give off charity and ? you give of
your wealth to purify yourself ? with
the intention of pleasing God Desiring
the face of God
? then you will get recompense manifold
you will get you will get more than you
spent
now (?) understand that these voices are
directed primarily towards well really
towards the people who are ? loaning
money as in in this Society in this
today's day and age obviously ? the
only way you can get ? alone is through
a bank or a credit card company
?
the system won't allow you know just
individual men doing all that sort of
stuff but back in the day people did do
this but ? and (?) understand that the
bankers are going to hell and the
bankers are unbelievers and they're you
know they're working for the safe and (?)
understand all that so obviously it's
not going to have any effect on them
? but as Believers it would serve as
well to not enter into any loan
Arrangement which entails interest and
because it is precisely because men have
? accepted this exploitative system
this practice of usury that it has
gained popularity especially in the west
is also happening in Pakistan now
because wherever it is or demand rest
assured there will always be a supply so
if men stood up against the system in
this area will not we will not take a
loan with interest we will not we will
not repay interest we're not going to do
that then obviously the lender would
have to figure out some other way
and you wouldn't have this practice
furthermore it makes Financial sense to
not get into debt and especially a debt
which entails interest as it is very
difficult to get out of this hole once
you fall into it now (?) have seen
firsthand the disaster effects this has
had (?) have a lot of ? a lot of my
relatives who are Muslims have fallen
into this scam of ? you know student
loans and credit card loans and house
loans and car loans mortgages Etc and ?
you know they've been paying it off ever
since they've never made any progress
and they're just grinding day in and day
out and ? it's a very sad State of
Affair so it just makes prudent sense to
not fall into this ? this whole debt
scheme and ? you know just expand as
much as you can afford and but do spend
in charity if you spend in charity then
God will give you from his provision he
will make you financially secure
so you should spend in charity in good
and bad times and desire God's provision
and ask for his help and ? to give from
his bounty
and my advice to Believers to those who
have fallen into this trap is to get out
of it as early as possible and be
consistent in giving charity to the poor
this is the best course of action for a
man who believes in the last day and
expects God's help in this life and the
next
so that's it for now God willing until
next time peace and blessings be upon
you