INTEREST

بِسْمِ اللهِ الرَّحْمَنِ الرَّحِيمِ

(In the name of Allah, the most Gracious and the most Merciful)

الحمد لله وحده ، والصّلاة والسّلام على من لا نبيّ بعده وبعد :ـ

(All praises be to Allah and peace be upon His Prophet (pbuh). To proceed:

Introduction

Interest ranks the highest amongst all evil ways and means that have been invented to exploit the society and to make the poor poorer and the rich richer. In consideration of the procedures, outcomes and deep seated damage to the economy there is no comparable anti-social weapon similar to interest. It can be traced back in the Torah, the revealed book, that interest dates back to very ancient time, even before the time of Hazrat Musa (A). Still it prevails in the society with its evil force. But history testifies to the fact that interest was always condemned in unequivocal terms. Dealers of interest were identified as the enemy of the society and appeals were made to avoid it in all ages. No revealed books permitted any kind of dealings on interest nor put the seal of acceptance on it.