Question #4:

What Is The Implication For A Muslim That Borrow Money On Interest?


As salam alaykum warahmatullah wabarakaatuh.

Bank interest is nothing but the prohibited riba. He should repent and desist from all riba transactions subsequently.

Allah says in Quran 2:275. Those who practice usury and interest, (their condition is such as) they will not be able to stand except like the standing of one who has lost his reason under the influence of satan. That is so because they say, ‘Trade is just like usury and interest.’ Whereas Allâh has made trade lawful and made interest unlawful. Then whosoever has received (this) admonition from his Lord and keeps away (from usury and interest) he may keep whatever (interest) he has taken in the past. His matter rests with Allâh. As for those who revert (to the practice of usury and interest) it is these who are the fellows of the Fire, therein shall they live for long.

الَّذِينَ يَأْكُلُونَ الرِّبَا لَا يَقُومُونَ إِلَّا كَمَا يَقُومُ الَّذِي يَتَخَبَّطُهُ الشَّيْطَانُ مِنَ الْمَسِّ ۚ ذَ‌ٰلِكَ بِأَنَّهُمْ قَالُوا إِنَّمَا الْبَيْعُ مِثْلُ الرِّبَا ۗ وَأَحَلَّ اللَّهُ الْبَيْعَ وَحَرَّمَ الرِّبَا ۚ

2:275 Ribâ means to increase, grow, augment, (financial) interest, usury, any addition or increase in capital fixed before its investment. Usury and interest is not trade, “Allâh has made trade lawful and made interest unlawful” وَأَحَلَّ اللَّهُ الْبَيْعَ وَحَرَّمَ الرِّبَا . The earliest mention of Ribâ in the chronology of Qur’ânic Revelation is in 30:39. The Holy Qur’ân draws a distinction between trading الْبَيْعَ and Ribâ and Dayn دَيْنٍ that is loan without interest. If labour does not bring profit, the capitalist should suffer along with the labourer. There can be Tadâyan (cf. 2:282); – that is interchange of borrowing and lending in money but without involving usury.

The subject of usury and interest is introduced as a continuation after mentioning charity. An economic system that is not based on interest and usury promises prosperity. Interest leads to poverty and economic unrest. It encourages belligerent nations to borrow money beyond their capacity and make them economically ever more dependent with little hope for progress and prosperity.
2:276. Allâh annuls usury and interest and promotes charity. Allâh does not love any persistent and confirmed disbeliever and an arch-sinner.

يَمْحَقُ اللَّهُ الرِّبَا وَيُرْبِي الصَّدَقَاتِ

2:276 Sadaqât A is the plural form of Sadaqa meaning to remit in charity or forgo. It has also the means to speak the truth or prove true. Allâh said, “Allâh annuls usury and interest and makes alms and charity grow”. Charity reflects the broad basis of human sympathy, whereas usury and interest annihilate all sympathetic affections. “Allâh annuls usury and promotes charity” is to be read in connection with the verse 2:269. The Prophet (pbuh) said, “On the Day of Resurrection Allâh will ask: ‘Where are the things you gave to those who asked you in My name?’ The servant will point to insignificant objects. Allâh will then say, ‘Are you ashamed to appear before Me with these valueless alms you gave? You knew you were going to appear before Me’. Then Allâh will say ‘I have pardoned you because of a beggar’s request and the joy you gave him. I have made your alms grow’. Allâh will then show the alms given by the servant that have become larger than the Mount of Uhad” (Bukhârî).

Imam Sherifdeen Ibraheem
Na’ibul Amir, Cultural Affair (NACA)
TMC National Headquarters