RIBA in Islam┇INTEREST in Islam, Quran & Hadith┇USURY in Islam & WHY Interest is EVIL & a MAJOR SIN

Riba in Islam┇Interest in Islam, Quran & Hadith┇Usury in Islam & WHY Interest is EVIL & a MAJOR SIN Riba in Arabic translates to mean growth, increase, addition, excess, expansion, or surplus. Riba denotes an addition to or an increase of any commodity over and above its original size or amount. Riba is often translated to the English word usury. Usury in the English language refers to the illegal action or practice of lending money at unreasonably high rates of interest. Whereas usury is understood as the lending of money at a high rate of interest, the word Riba—as stated in Islam and the terminology of the Holy Quran--is the lending of money on interest regardless of the rate of interest, whether low or high. Amongst the most common types of Riba is the act of lending out money and loans with the condition that the principle is returned with an additional, pre-specified quantity of funds, known today as interest. “O you who have believed, do not consume usury, doubled and multiplied, but fear Allah that you may be successful” (Quran 3:130) The Holy Quran mentions the word Riba or usury in eight separate instances. The Quran condemns the taking of and profiting from Riba, considering this practice a foul and filthy act. A very forceful and condemning mode of language is used in the Holy Qur’an to describe those that accept interest. Riba counts in fact amongst the most destructive sins in the religion of Islam, ranking amongst the seven deadly sins mentioned by Prophet Muhammad peace be upon him; a severe list of sins that also includes murder. Riba is considered an unnatural growth of wealth; an unjust transfer of wealth; an unethical and harmful act, and a means of devouring the wealth of others. Riba is considered economic slavery, which makes the poor poorer, and the rich richer; a practice that prevents the poor from overcoming their weakened financial conditions and prospering. The one lending the money is not providing a service, instead solely profiting from the lending of money. This practice denies the poor the opportunity to get out of their situation. The one with the capital will remain rich for life since they eliminate the possibility of suffering losses and expanding their wealth as they extract funds from one borrowing money. The act of Riba prevents wealth from circulating in the economy. The taking of Riba or usury is a very selfish act; one which allows wealthy people to become wealthier. When money is loaned on interest, the loan is made without any involvement of labor or effort, and without the assumption of any risk which would increase over time. Interest was often used in history as a form of oppression, where the rich lend to the poor knowing that the borrower can’t pay back the loan. So ultimately, they were forced to sell themselves, their wives, and their property to return the funds. Consuming Riba is the only crime that God the Almighty declared and waged war against those who consume it. “And if you do not, then be informed of a war [against you] from Allah and His Messenger. But if you repent, you may have your principal - [thus] you do no wrong, nor are you wronged” (Quran 2:279) The two main types of Riba are ‘Riba an Nasiyah’ and ‘Riba al Fadl.’ Rest of Article can be read on: https://www.thesincereseeker.com/riba-in-islam -- Grab your copies of The Sincere Seeker BOOKS from Amazon: ☪️ The Sacred Path to Islam ?? ? eBook: https://amzn.to/2SiICaI ? Paperback: https://amzn.to/2XLkeEg & ? Muslim Women & The Hijab Veil; Oppression or Liberation? ?? ? eBook: https://amzn.to/2TGreiE ? Paperback: https://amzn.to/2TKMHqH Follow The Sincere Seeker on Social Media to stay up to date? ? Website ➡️ https://www.thesincereseeker.com/ ? Instagram ➡️ https://www.instagram.com/thesincereseeker/ ? Twitter ➡️ https://twitter.com/ThSincereSeeker ? Facebook ➡️ https://www.facebook.com/TheSincereSeekerChannel/ ? Podcast ➡️ https://apple.co/2R4z1Uy ? Subscribe to The Sincere Seeker Channel & Turn on notifications! ? ? https://goo.gl/ckDmLs ? ? Shop ? Buy Designer Hijab Scarves from ?The Jab Store: https://www.thejabstore.com/ ? Buy Hijabs & Hijab Accessories from ?Muslima Queen Shop: https://www.muslimaqueen.com/ ?? Buy Cat Everything from ? Furball Friend Shop: https://www.furballfriend.com/ ? Buy Home Everything from ? LivEaze Shop: https://www.liveaze.com/ ? #Riba #Interest #Usury #whyribaisharam #whyinterestisevil