Warning Against Riba [ Usury ] Transactions - Islam House

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needy will be saved from incurring huge interests, while encouraging the wealthy not to rely on Riba. Also, Riba receiving less than your capital sums)}[2:278-279]. Further, al- Bukhari and Muslim reported that Abu Hurairah, may Allah be pleased with him, said, : �� : �� " �� " �� " �� ." �� “Allah's Messenger salla allahu `alaihi wa-sallam said, ‘Avoid the seven great destructive sins.’ The people inquired, ‘O, Allah's Apostle! What are they?’ He said, ‘To join others in worship along with Allah, to practice sorcery, to kill the life which Allah has forbidden except for a just cause (according to Islamic Law), to eat up Riba (usury), to eat up an orphan's wealth, to give back to the enemy and fleeing from the battlefield at the time of fighting, and to accuse, chaste women, who never even think of anything touching chastity and are good believers.’” Also, ibn Majah narrated that Abu Hurairah, may Allah be pleased with him, reported that Allah's Apostle, peace be upon him, said, ." �� " “Riba is seventy types, the least of which equals one having sexual intercourse wit his own mother!”]
leads to abandoning establishing various beneficial projects and industries 17 . Afterwards, the writer uttered a baseless, false claim that, “People need banks and various banking transactions, as their livelihood depends on them…” Muslim Economy does not Need Riba Transactions In response, we state that Muslims benefited from the Islamic economic system for the past fourteen centuries, long before banks ever existed. During this long period of time, the projects and industries that existed in the Muslim World did not rely on prohibited types of dealings. Further, we state the fact that in modern times, people do not need to deal in Riba to sustain their livelihood. We should note here that all types of mistakes and injustices result from indulging in the prohibited types of dealings. This is especially true when the society is not fulfilling its obligations towards its members, such as being [17] [High interest rates tighten the money supply and slows the economy, while lower interest rates loosen money supply and reinvigorates the economy. This is why the United States Federal Reserve lowered interest rates several times during the year 2001, so that the slowing economy recovers momentum through increased availability of money supplies, which translate into more hiring and spending on economic expansion, new plants and higher customer demand. Even Mr. Riba himself knows this fact, which amazingly escapes the attention of many Muslims who are fascinated by the calls to incorporate interest into Muslim Economies.]
Page 1 and 2: ��
Page 3 and 4: All thanks and praises are due to A
Page 5 and 6: is Dhalalah (sin, heresy) and every
Page 7 and 8: equired to refer to the Sunnah to a
Page 9 and 10: issuing Fatwas, meaning religious d
Page 11 and 12: in his quest to allow Riba Al-Fadhl
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Page 15 and 16: Furthermore, Allah warned His slave
Page 17 and 18: Allah will also help them achieve t
Page 19 and 20: elying on Riba. During this long pe
Page 21 and 22: As compared to all these beneficial
Page 23 and 24: (the Messengers). So We took them (
Page 25 and 26: needy person with interest. As for
Page 27 and 28: ��
Page 29 and 30: guidance, a mercy, and glad tidings
Page 31 and 32: ��
Page 33 and 34: disregarding the aims and goals beh
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Page 39 and 40: ��
Page 41 and 42: ��
Page 43 and 44: "And I warn you against giving a fa
Page 45 and 46: Allah's Commandments to them, while

Warning Against Riba [ Usury ] Transactions - Islam House

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