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

This question is the result of a misconception about the Creator and comparing Him to the creation. Such misconception is refuted by mind and logic, for instance:
View Details

Allah brings the dead to life just as He created them the first time.
View Details

Muhammad was neither a Sunni nor a Shiite; rather, he was a monotheist Muslim. Jesus also was not a Catholic or anything else. Both were the slaves of Allah alone without a mediator. Jesus did not worship himself or his mother, and similarly, Muhammad did not worship himself, his daughter, ...
View Details

We must differentiate between faith and submission to the Lord of the worlds.
View Details

The Muslim follows in the footsteps of the righteous and the Prophet's Companions. He loves them and tries to be as righteous as they were, and he worships Allah alone just as they did. However, he does not sanctify them or take them as mediators between himself and Allah.
View Details
Successfully sent!