The Prohibition of Riba (Usury) by Moulana Imran Hosein

MV: In Islam riba or usury is prohibited for many reasons. You can find those reasons by reading what is below or you can get it from my source islamic-world.net Riba is usury. Usury is commonly understood as the lending of money at illegally high rates of interest. But riba, or usury, in Islam is the lending of money on interest, regardless of the rate of interest! When money is lent on interest, then money by itself, independent of any labor or effort, or the assumption of any risk, increases over time. The increase is realized through the exploitation of … Continue reading The Prohibition of Riba (Usury) by Moulana Imran Hosein

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