In Christianity, the concept of usury, or the practice of charging excessive interest on loans, has long been a matter of moral and theological debate. Drawing upon various biblical passages and moral principles, the Christian church has historically condemned usury as a sin. This condemnation stems from the belief that charging excessive interest exploits the borrower and goes against the principles of compassion and fairness outlined in Christian teachings. The Church has placed a ban on the practice of usury, considering it morally reprehensible and harmful to society as a whole.
Similarly, in Islam, the Quran and the teachings of the Prophet Muhammad explicitly forbid the practice of usury. Muslims also regard usury, known as “riba” in Arabic, as a grave sin. The Quran condemns riba and likens it to exploitation and injustice. Islamic finance operates on principles of fairness and mutual benefit, prohibiting the charging of interest on loans. Instead, alternative financial arrangements such as profit-sharing agreements and leasing are encouraged to ensure equitable transactions that uphold the values of compassion and social responsibility.
The prohibition of usury in both Christianity and Islam underscores the shared emphasis on ethical conduct and social justice within these faith traditions. While interpretations and applications may vary, the fundamental principle remains clear: charging excessive interest is considered morally wrong and detrimental to individuals and communities. Both religions advocate for financial practices that prioritize fairness, compassion, and mutual benefit. Hence, whether in the context of Christianity or Islam, the condemnation of usury reflects a commitment to upholding ethical standards in economic affairs.
(Response: Yes, usury is considered a sin in Christianity.)