Morning Reminder. Thursday. 7th/8th of Shaabaan. The Evil and danger of Riba. Bismillahir Rahmaanir Raheem. Riba (Usury) is of two major kinds: Riba An-Nasia - Interest on lent money. Riba Al-Fadl - Taking a superior thing of the same kind of goods by giving more of the same kind of goods of inferior quality, eg.,dates of superior quality for dates of inferior quality in great amounts. In the Islamic terminology interest means effortless profit or that profit which comes free from compensation or that extra earning obtained that is free of exchange in commodity. Riba has been described as a loan with the condition that the borrower will return to the lender more than and better than the quantity borrowed. As muslims, our main concern when it comes to financial transactions is to avoid Riba in any of its forms, despite the fact that the basic foundation of the world economics and finance today is that of riba and dealing in usury. The Prophet has foretold us of a time when the spread of riba would be so overwhelming that it would be extremely difficult for the muslim to avoid it. This situation calls for muslims to be extra cautious before deciding on what money payment of financial methods to use in any personal or business transaction. To make sure that we are safe from Riba, we have to learn which transactions lead to it. But before we go into that let me point out ALL loans from any non Islamic bank is HARAAM a major sin and whoever give, receive or help in its operations has raised a war with Allah. Lets fear Allah and rather choose to remain in puverty instead of put fire to our stomach. To be continued in shaa Allahummah. We ask Allah to keep guiding us from any temptations of any Riba base transactions. Aamin.
Posted on: Thu, 05 Jun 2014 05:51:20 +0000
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