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.

Related Questions

If Allah wanted to give His creation the chance to choose whether to exist in life or not, then, they had to exist in the first place. How could mankind have a say while being non-existent? It is a matter of existence and non-existence. Actually, man's attachment to life and ...

View Details

The right religion that came from the Creator is only one religion. It is built upon belief in the One and Only Creator and worshiping Him alone. Anything else other than this is invented by people. It will be sufficient to visit India, for instance, and say in public: "The ...

View Details

As a matter of fact, uncovering the head is complete and utter backwardness. Is there any further backwardness beyond the time of Adam; Allah ensured for Adam and his wife concealment and clothing since the time they were created and made to live in Paradise.

View Details

Man must believe, whether in the true God or in any false deity, which he might call god or something else. This deity could be a tree, a star in the sky, a woman, one's boss at work, a scientific theory, or it could even be some personal whim. However, ...

View Details

The lesson that Allah taught mankind, on accepting Adam's repentance for eating from the forbidden tree, represents the first incident of the Lord's forgiveness to mankind. The Christians' belief of inherited sin from Adam is meaningless, as no bearer of burden will bear the burden of another. In other words, ...

View Details

Why does Islam forbid Riba (usury)?