In this video, we explore the concept of interest (riba) in Islam and why it is strictly prohibited according to the Quran. Discover the Quranic verses on riba and understand the deep ethical concerns surrounding the practice of charging interest. The video explains how Islamic finance operates without interest and offers insights into the harmful effects of interest on society. We will dive into key Islamic views on interest and explain the distinction between trade and interest in Islam. Learn why riba is considered haram, and explore the impact it has on financial ethics. This video also provides an overview of Islamic banking, where interest-free transactions promote fairness and justice. Whether you're curious about why riba is forbidden in Islam, or you want to know more about how Islamic banking without interest works, this video will provide you with valuable insights from the Quran. ---------------------------------------------------------------------------------- In the Quran, interest (riba) is addressed as harmful and unjust. The practice of charging interest is prohibited as it exploits the financially vulnerable, leading to inequality and unfairness in society. Below are key verses that highlight the prohibition of interest: 1. Surah Al-Baqarah (Chapter 2), Verses 275-279: Verse 275: "Those who consume interest cannot stand [on the Day of Resurrection] except as one stands who is being beaten by Satan into insanity. That is because they say, 'Trade is [just] like interest.' But Allah has permitted trade and has forbidden interest. So whoever has received an admonition from his Lord and desists may have what is past, and his affair rests with Allah. But whoever returns to [dealing in interest or usury] – those are the companions of the Fire; they will abide eternally therein." Verse 276: "Allah destroys interest and gives increase for charities. And Allah does not like every sinning disbeliever." Verse 278: "O you who have believed, fear Allah and give up what remains [due to you] of interest, if you should be believers." Verse 279: "And if you do not, then be informed of a war [against you] from Allah and His Messenger. But if you repent, you may have your principal – [thus] you do no wrong, nor are you wronged." 2. Surah Aal-e-Imran (Chapter 3), Verse 130: "O you who have believed, do not consume interest, doubled and multiplied, but fear Allah that you may be successful." 3. Surah Ar-Rum (Chapter 30), Verse 39: "And whatever you give for interest to increase within the wealth of people will not increase with Allah. But what you give in zakah, desiring the countenance of Allah – those are the multipliers." Summary of the Harmful Effects of Interest in Society: ------------------------------------------------------------------------------------- 1.Interest leads to exploitation and injustice, especially towards the poor and vulnerable. 2.It promotes an unfair concentration of wealth, creating social and economic inequality. 3.Interest discourages charity, generosity, and mutual help, which are core values in Islam. 4.Engaging in interest can result in spiritual harm, leading to divine punishment. 5.The Quran's emphasis is on ethical financial practices that benefit society as a whole, promoting charity and fairness instead of profit through exploitation.