Why does Islam forbid Riba (usury)?

Why does Islam forbid Riba (usury)?

Money, from an Islamic perspective, is a means of trade, exchange of commodities, services, and construction. However, when we lend money to earn a profit, we deprive money of its chief purpose as a means of exchange and development, and we turn it into a goal in itself.

Source

Categories

Related Questions

When someone, for instance, wants to buy something from the store and decides to send his first son to buy him that thing because he knows in advance that this boy is wise and will go straight to buy him what he wants exactly. The father also knows that his ...

One of the extremely important points that is often neglected by modern society is the right that Islam has granted women but not to men. Man can only marry unmarried women, whereas a woman can either marry a single or a married man and this is meant to guarantee the ...

The existence of mankind on the earth planet that floats in space resembles the passengers who belong to various cultures who gathered on board of an airplane that takes them on a flight to an unknown destination and with an unidentified captain. They find themselves compelled to serve themselves and ...

Religion is a way of life that regulates man's relation with his Creator and with those around him, and it is the path that leads to the Hereafter.

Allah will not wrong such people; rather, He will test them on the Day of Judgment.
Successfully sent!