What do you make of the following understanding of Riba?
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http//www.iipc.tv/lectures/full_video78.html
Peace,
Seems very reasonable with an example similar to that which i mentioned earlier. Also note the cotrast he makes btw charity and riba. Please listen to the whole lecture first before you comment. GOD Bless! -
I think we also misunderstood this verse as is also ointed out in the debate
2275 Those who devour usury will not stand except as stand one whom the Evil one by his touch Hath driven to madness. That is because they say "Trade is like usury," but God hath permitted trade and forbidden usury. Those who after receiving direction from their Lord, desist, shall be pardoned for the past; their case is for God (to judge); but those who repeat (The offence) are companions of the Fire They will abide therein (for ever).
Usually we understand this to mean that those people who wanna justify their consumption of usury claim "The deal is like usury(al-baih MITHLA ARRIBA)". But if that were the case wouldnt theyve claimed the exact oppsosite i.e. "Usury is like dealing(Arriba MITHLu BAIH)". Actually those people, whilst themselves consuming riba because of not giving enough charity hence illicitly increasing their wealth, wanna confuse trade with usury and hence they claim that a specific baih(deal/trade), namely interest, is riba, WHILST IT IS NOT and GOD is condemning them saying HE HAS ALLOWED THAT DEALING(baih). These people are non others than todays co called Muslims. They make this claim. GOD Bless!