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Home » Does Islam prohibit usury?

Does Islam prohibit usury?

Islam’s stance on usury is clear and uncompromising. The religion unequivocally prohibits the practice, extending this prohibition to the giving or receiving of any form of interest. This stance is deeply rooted in the teachings of the Qur’an, which highlight the harmful nature of usury. However, it’s essential to note that while usury is condemned, trade is encouraged and viewed positively within Islamic teachings.

The Quranic verse addressing this issue provides a distinct contrast between usury and trade, emphasizing the latter’s virtue. Usury is condemned for its exploitative nature, while trade is seen as a legitimate and beneficial activity. This differentiation underscores Islam’s emphasis on fair and ethical economic practices, where transactions should be mutually beneficial and free from exploitation. The prohibition of usury aligns with broader Islamic principles of justice and compassion, aiming to protect individuals and communities from the pitfalls of unfair financial practices.

In summary, Islam does indeed prohibit usury, condemning the practice outright. Instead, the religion encourages fair trade and transactions that benefit all parties involved. This prohibition reflects Islamic values of justice and compassion, aiming to foster an economic system that is ethical and equitable.

(Response: Yes, Islam prohibits usury and promotes fair trade as a beneficial alternative.)