In the Name of Allah, the Gracious, the Merciful
The Divine Constitution
The Constitution, being divine, has got to be perfect. And the
It is in the last quoted verse above, that the Qur'aanic term Ar-Riba stands divinely prohibited. Please note that it is not just Riba but Ar-Riba (the Riba) that stands prohibited. Riba in Arabic literally means increase, gain or profit. The article 'the' prefixed to Riba indicates that it is not every kind of increase, gain or profit that is prohibited, but a particular, specified kind only.
What then is this specified kind? The other verses quoted above certainly
and amply indicate that somewhere in this perfect Book, the specified kind has
been explained/defined. But where? No human
Unsatisfied, and going by the divine directions to go back to Allah and His Messenger in cases of disputes [Q: 4.59], I researched the relevant Qur'aanic verses for over two years. The result of this research work, with due references to the Qur'aanic verses and the ahaadheeth, is recorded in the ebook, The Qur'aanic Concept Of AR-Riba.
And I have found that Ar-Riba covers any economic injustice occurring or manipulated in any transaction for goods and services. The injunction against Ar-Riba is the Allah-ordained injunction against all economic injustices. This injunction is one of the basic Islamic Principles of Economics.
Alas! This golden Islamic Principle is violated to a much greater extent by the so-called Islamic countries of the modern world! And to say that Ar-Riba is nothing but interest (as this word came to be understood, after the establishment of modern-day banks on principles of fair business and equity) is to perpetrate a falsehood and that too in the name of Islam and Allah!
May Allah deliver us from all satanic falsehoods!
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