Muslim Library

Interest and Its Role in Economy and Life

  • Interest and Its Role in Economy and Life

    An article explains why the Muslims abide by the prohibition of usury while the Jewish and Christian secularists are calling to to affirm it. A glimpse at some texts from the Quran and the Sunnah which severely warn against the taking of interest. Interest and Usury in the Bible (Judaism and Christianity) and according to early thinkers. An article explains how something so despised such as interest could be justified and even institutionalized as a standard. The various ways in which thinkers in the past have tried to conjure explanations for the existence of interest. The various ways in which interest has harmed society. The devastating ills of interest on an international level. An Islamic solution to the interest model, and how economy can still thrive without interest.

    Publisher: A website Islam Religion www.islamreligion.com

    Source: http://www.islamhouse.com/p/190075

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    The first and second articles are an introduction for the Quran and the Prophet Muhammad (peace be upon him) and make comparison between the Quran’s content and the orientalists’ sayings about it. The third explains that in order for a religion to be true, it must be from God in a total sense and not only in its origin then the scholars distort it. The fourth and fifth mention one of the unique qualities of the Quran which is its detailed preservation, a fact which makes it much different than all other religions, confirm that the Quran itself contains proofs for its truth and requires no “leap of faith” in order to believe it, and take a look at the accusation that Muhammad borrowed or stole the Quran from other religions, particularly the Christianity and the Judaism. The sixth and seventh mention the depictions of God and the Prophets in the Quran vs. the Bible and the Talmud and explain the comprehensiveness, completeness, balance and practicality of the legislation of the Quran. The eighth shows the Quran's effect on the generation of the Prophet and the next generations to the extent that it made them leaders of the world to guide people to the straight path. The ninth mentions a unique prophecy which dealt with events completely out of the control of the Prophet or the Arabs that the Byzantine kingdom will defeat the Persian Kingdom within three to nine years. The tenth takes a look at some of the scientific facts mentioned in the Quran which modern scientists, Muslim and non-Muslim alike, affirm as true. Finally, the eleventh shows the linguistic miracle of the Quran and refers that Allah challenged the disbelievers of Makkah to compile a book like the Quran but they failed. The challenge got into very simple standard i.e. to compile a Surah (Chapter) looks like any of its Surahs but they also failed.

    Publisher: A website Islam Religion www.islamreligion.com

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