The Major Sins Series- Riba/Interest/Usury - Abu Usamah 8/18

TL;DR

Usury is a major sin in Islam, warned against in the Quran and Hadith. Muslims are instructed to fear Allah and avoid engaging in usury or interest-based transactions.

Transcript

alhamdulillah ald h the seventh major sin which is devouring and taking and using and utilizing Usery or interest he brings the statement of Allah subhanahu all you who believe fear Allah and give up that which remains of your desire for Reba if you were truly Believers all you believe fear Allah and give up that which remains of your desire for Re... Read More

Key Insights

• 😘 Usury is a major sin in Islam and is heavily condemned in the Quran and Hadith.
• 😫 The Prophet Muhammad set an example by ending usury and making it impermissible for his own family.
• 💍 Possession by jinn is mentioned as a consequence of engaging in usury.
• 🏦 Islamic banks and financial institutions strive to avoid usury, but it is difficult due to the nature of the traditional banking system. Supporting Islamic banks is encouraged as a step towards a more ethical financial system.

Questions & Answers

Q: What is the significance of the ayah in the Quran that warns against usury?

This ayah was revealed to the Prophet Muhammad and addresses the rich Muslims who were owed money as a result of usury. They are instructed to give up their desire for usury and should do so if they are truly believers.

Q: How did the Prophet Muhammad set an example in ending usury?

When the Prophet conquered Mecca, he declared that all usury owed to his uncle Abbas was null and void. This demonstrated his commitment to justice and fairness, as he did not exempt his own family from the prohibition of usury.

Q: Is possession by jinn a consequence of engaging in usury?

Possession by jinn is mentioned as a punishment for those who continue to engage in usury, as it causes individuals to wander aimlessly like one who is possessed.

Q: Are there different types of usury?

Yes, there are various types of usury. Islamic banks and financial institutions often struggle to avoid usury altogether, as it is deeply rooted in the traditional banking system. However, supporting Islamic banks is encouraged, as it is a step towards a more ethical financial system.

Summary & Key Takeaways

• Usury, also known as interest or Riba, is condemned as a major sin in Islam.

• The Quran advises believers to give up their desire for usury and warns that Allah and His Messenger are at war with those who engage in it.

• Possession by jinn and the severity of usury are mentioned as consequences for those who continue to engage in it.