Understanding Usury According to Islam
Every prohibition and rule of God in Islamic teachings is certainly not just to avoid acts that are personal in nature. The rules and prohibitions that God gives always affect individuals and social as evidence that there are many functions of faith in Allah SWT. For those who violate it, the loss is in themselves and also the impact on the people around them. "O ye who believe, do not eat usury multiplied, and ask your trust in Allah that you may have good fortune." (Surah Ali-Imran: 130) In Islamic teachings, what Allah conveyed through the above verse shows that usury is prohibited. In Islam, behavior and perpetrators of usury are acts of crime that Allah will curse both in his life in the world and in the hereafter. Usury is often related to bank interest or the addition of loan repayments. Included in this (wealth in Islam) usury is a regulated part of Islamic fiqh. This is also conveyed by the Prophet Muhammad in a hadith, "the Messenger of Allah cursed (condemned)...