What type of Riba is prohibited ?
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I will attempt one more time to explain Riba, as I said previously
I will attempt one more time to tell you, as I did previously, that what you are saying is irrelevant, unless you provide quranic evidence.
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Let us first decide the Qur'anic word under discussion, before further argumentation, like pointed out above.
Peace to all. Here is my question in pure learning spirit and not trying to point out mistakes in Qur?an. AlrRiba commonly understood or misunderstood as ?interest?/usury. My question is? How this word should be spelled in Arabic? One finds written in Qur?an as (from www.openburhan.com site), (in, Holy Quran by Taj company LTD. English Translation by Pickthall and Urdu by Maulana Fatheh Mohhammed Jallendhri certified by Hafiz Abdul Rauf, no year of publication given). Finally, Lane says it is also or with lots of references (Lane part 3 page 1023).
http//www.studyquran.org/LaneLexicon/Volume3/00000189.pdf
Very sincerely,
Badar -
which kind of Riba is prohibited?
The word Riba in Arabic literally means increase, gain or profit on money loaned.
No where in Quran Riba is prohibited.
The word used in Quran is Al-Riba (2275). This is a proper noun pointing out to something not just riba. The question is which form of riba is then partcularized as Al-riba.
If Quran is to be read with reference to the context then we must find out as to what are the circumstance under which increase, gain or profit on money loaned is prohibited?
To find out the context of Al-Riba Let us examine a couple of verses before and after the occurance of world Al-Riba in verse 2275.
Reading verse 2272 to 2280 we find that the issue discussed in these verses is, helping the poor deserving charity.
Explaining how to help a poor, Allah says " help them by way of charity or give them loan and charge no usury. Again Allah Says Such people may not be able to pay back the loan in time. If so, give them more time or remit the loan as charity. The debtor being discussed here is the poor deserving charity. (2/272-280) and certainilly not an enterpriser.
Amazingly, every where in Quran, Al-Riba is contrasted with Charity. This obviously means that Al-Riba is prohibited only where giving charity is called for.
Surprisingly again, the Qur'an nowhere condemns the giver of usury.This perhaps is because the givers of usury are the poor exploited to accept loans with usury.
All these facts put together are sufficient to prove that Quran prohibits charging of interest from the poor deserving charity.
An increase, gain or profit on commercial loans aimed at inflating resources is trading which Allah has excluded from the purview of Al-Riba.
This is what I think. I would be obliged if I am corrected.
Muhammad Latif Chaudhery
Student of Quran
Lahore, PakistanDear Brother Chaudhery, I do not know that if you ever followed this thread after starting it. I had similar understanding to yours until I pondered on the word in question more, just few days ago and following issues became evident.
Let us first decide the Qur'anic word under discussion, before further argumentation, like pointed out above.
Peace to all. Here is my question in pure learning spirit and not trying to point out mistakes in Quran. AlrRiba commonly understood or misunderstood as interest/usury. My question is? How this word should be spelled in Arabic? One finds written in Quran as (from www.openburhan.com site), (in, Holy Quran by Taj company LTD. English Translation by Pickthall and Urdu by Maulana Fatheh Mohhammed Jallendhri certified by Hafiz Abdul Rauf, no year of publication given). Finally, Lane says it is also or with lots of references (Lane part 3 page 1023).
http//www.studyquran.org/LaneLexicon/Volume3/00000189.pdf
Very sincerely,
BadarThis word has more issues in addition to having a Lam ul tareef, to make this word "Ismun Marfaa" at the start. If your are the same Latif Chaudery that I think you are, your comments would be greatly appreciated.
Badar