Ibrahim Ihsaan Mohamed

Riba in Islam: Permissible?  22339 Question What is the ruling regarding riba as permissible in Islam? Thank you very much. Summary of answer: Riba in Islam is not permissible according to the Quran and Sunnah, and definitive scholarly consensus. Riba is one of the major sins. For more, see the detailed answer Answer: Is riba permissible in Islam? The ruling on those who regard riba as permissible Praise be to Allah. Is riba permissible in Islam? Riba is forbidden according to the Quran and Sunnah, and definitive scholarly consensus. Whoever regards it as permissible is a kafir, because the basic principle is that whoever rejects something on which there is obvious scholarly consensus is guilty of kufr.  Shaykh al-Islam Ibn Taymiyah (may Allah have mercy on him) said:  “The belief that the well-known obligations are obligatory and that the well-known prohibitions are forbidden is one of the most important basic principles of faith, and the one who rejects that is a kafir ...

What Is Riba?  129458 Question: What is the definition of riba? If we take into account the fact that in most countries the economy is based on the principle of the circulation of capital, which includes lending, is accepting payment in that particular currency for any work regarded as an action that supports the riba-based system?  Is using the currency of a state that is based on riba regarded as contributing to the usurious economy?  Undoubtedly the employee in a riba-based bank plays a part in riba-based transactions one way or another, even if he is a security guard for the bank. Could you offer him a better job if you have anything to offer? Summary of answer: 1- Riba means an increase in a particular item. 2- Riba originated among the people of the Jahiliyyah 3- If money is deposited in a riba-based bank, then taking the interest is haram and it is not permissible to consume it. 4- It is not permissible to deal with riba-based banks, and loans based on interest are...