Economic blights caused by usury are so many and the following are the most important ones:

1) Hindering Human Power:   Usury hinders the productive human power as it encourages people to neglect their works and to be lazy, and human life gets advanced and civilized only when people pool their physical and intellectual efforts towards construction and development. Usurers who find it easy to increase their money through usury get used to […]

Economic Repercussion of Usury

  Usury, when blights economy, spreads like cancer, and as doctor failed to cure cancer, men of intellect, politicians and economists fail to cure the plague of usury. What is astonishing is that some people believe that usury is good for people. In this, they are exactly like those who think that the body swelling […]

Usury Destroys Societies:

  Usury afflicts the human soul with diseases, the economy with plagues and causes an unequal distribution of wealth which result in the destruction of the human societies. The author of the economic encyclopedia said that usury had a great role to play in the collapse of the primitive societies, and in the emergence of the […]

The Reflection of Usury on the Human Societies:

  Human societies are based on people’s unity through cordiality and love which are the product of mercy, vouching and brotherhood. The individuals in the society, or any group of people, who do not care about the pains, suffering and ordeals of their brothers in the same society are exactly like the paralyzed organ that has […]

Usurers’ Disorientation:

  The Qur’an describes the state of the usurer as the one whom the Devil has exhausted and prostrated by his touch; Allah says: (Those who charge usury are in the same position as those whom the devil hath prostrated by (his) touch. That is because they say: “Trade is like usury” whereas Allah permits trade, […]

Usury is Harmful to Economy, Individuals, and Society

The Psychological and Moral Effects:   Allah sent religion to the people to guide them to the right path, and to raise them to highness and perfection so that they can get rid of the corruption of their souls with its hopes and ambitions.   Islam’s aim is to purify both people’s hidden souls and visible acts, […]

The Economic Miracles in the Qur’an

The Wisdom in Prohibiting Usury in Islam Allah says in Surat Al-Baqarah (The Cow) verse 275: ( Those who charge usury are in the same position as those whom the devil hath prostrated by (his) touch. That is because they say: “Trade is like usury” whereas Allah permits trade, and prohibits usury. Thus, whoever heeds this commandment from […]

Economic system in Islam

Of all the beneficial principles propounded by Islam, none are more useful for humanity at large than those governing income and expenditure. The main sources of income to the Islamic Exchequer are Zakat, Ghanimhh, Jizyah (Tithe) and Kharaj. Zakat which literally means growth and purity is a tax on Muslim Capital owned beyond a certain […]

The financial obligation upon Muslims.

An important principle of Islam is that everything belongs to God, and that wealth is therefore held by human beings in trust. The word zakah means  both “purification” and “growth.” Our possessions are purified by setting aside a proportion for those in need and for the society in general. Like the pruning of plants, this […]