Friday, June 8, 2012

What is Ar-Riba?


What is Ar-Riba?

Qur’aanic Verse 30:39:

30:39

Transliteration:

39. Wama ataytum min riban liyarbuwa fee amwali alnnasi fala yarboo AAinda Allahi wama ataytum min zakatin tureedoona wajha Allahi faola-ika humu almudAAifoona

Translation:

39. And what you give for profit so that the increase is at the cost of other people’samwaal (property, dues) then it is not a lawful increase/profit with Allah.7 And what you give in charity seeking Allah’s pleasure – the givers of such charity are the ones who will get their return multiplied.

Study Note:

7. Herein lies the Qur’aanic definition of Ar-Riba that gets prohibited in Verse 2:275. For further details in this regard please read What is Ar-Riba, a Chapter extracted from the book ISLAM AND INTEREST. What Allah dislikes is a gain that is sought to be made by usurping the rightful amwaal (properties, earnings, dues) of others. Such gains are termed Ar-Riba wherever else the Qur’aan refers to these, as in Verses 2:275, 3:130, 4:161, etc.

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