Category: Zakat “Charity”

Riba (Usury and Interest) According to Quran and Sunnah  Defining the Problem 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 […]

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 […]

  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 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 […]

  If money is confined only to the rich, the rich and the poor will both suffer. Usury centralizes money in the hands of the few and deprives the majority of this money, and this is what is called the inequitable distribution of wealth.   Dr. Schacht, the former president of Bank of Germany, said in […]

  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 […]

  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, […]

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 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 […]

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 […]