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An Imam Answers Moslems' Questions
I am a bit confused as to why Muslims cannot use (give/get) interest. Living in a non-muslim country, it is almost impossible not to deal with interest. ..... Islamic foundations such as ISNA say that they will help pay your house, but they take money from people too, it's under a different title, but it's the same thing as interest.In the Torah (Old Testament) where intoxicants, fornication and the consumption of pork are declared unlawful interest is also prohibited. ..... But the Jews in their egoism and transgression revolted against this divine law with such intensity that they became proverbial USURERS and INTEREST EATERS. .... This accursed nation was continuously afflicted with punishments and calamities even up to the present day. Their empires and kingdoms were repeatedly overthrown and they wandered from door-to-door. This was in reality the consequences of their insatiable evil deed to consume interest and their insanity ..... When the Christian empire was established, one Jew deluded Christians by proclaiming that Jesus was the son of God, thereby distorting the reality of Christianity. .... Interest in the Holy Qur'an is referred to as 'Riba,'.derived from the word, 'Ribwun' which literally means 'increase'. This outward increase, in reality, is a loss. Allah most High sanctions in the Noble Qur'an: 'Allah has blighted Usury and made almsgiving fruitful' .... In the above verse, the word 'Yurbi' is used in its literal meaning which means increase and the word 'Riba' is used in its figurative meaning: that excess in a transaction, against which there is no value. If the above meanings are not observed, the correct translation of this verse will not be possible. This verse informs us that the apparent (outer) increase in Interest is in reality decrease and loss and the apparent (outer) decrease in charity is in reality expansion and increase. .... the prohibiting factor is also found in it i.e. decreasing and abolishing. These two realities i.e. prohibition and decreasing are original qualities of the very nature of interest and because the original properties can never be abandoned. From it, no portion of interest can be free from these two qualities. Consequently, each and every part of interest is forbidden and Haraam. The conclusion that little interest and single interest is lawful proves total ignorance of the reality of interest or is based upon false imputations. .... ===== Are student loans in the United Kingdom permissible? The loan works around a concept called inflation. What this means is that, as the value of the amount received will depreciate in the following years, an additional amount would be returned, not as interest, but to make up for the loss of the initial value. Therefore, even though (for example) £1000 was received and £1200 was returned, the same amount of gold (or any other item) is purchasable with both amounts. In reality there is no change in the value received and the value returned? The student loans as explained by you is interest and not permissible. ===== I am a university student and have taken out a loan to help me with my studies. Under what circumstances must I pay the loan back, the loan is taken from the kafir in their country (U.K)? At the outset, we wish to point out that it is not permissible to take out an interest bearing loan. If you did take a loan, it is compulsory to repay the loan even if it is from a non-Muslim in a non-Muslim country ===== Posted by: Mike Sylwester 2005-01-30 |
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