Interest

[Xamari_76]

Credit card interests...Is it haram? someone told me it was ..My Visa is like 17 or 18% interests..

[Macaaney_1991]

it's not riba......so I don't think it's haram

[surrender]

interes is haraam!

[Macaaney_1991]

1st iv heard of it....

[Xamari_76]

I shall take this up with a shiekh or parents..

[BaasAbuur]

17% is too fockin high. you need to start making ur payments on time.

[Ka darag]

WDFFFFFFFFFFF

EVERYONE KNOWS INTEREST IS HARAM

AND ISNT RIBA THE ARABIC WORD FOR INTEREST MACAANEY?

[Macaaney_1991]

WDFFFFFFFFFFF

EVERYONE KNOWS INTEREST IS HARAM

AND ISNT RIBA THE ARABIC WORD FOR INTEREST MACAANEY?

I have no idea...... .....

....Im gonna edit that comment

[Executive]

Interest is Haram including your credit card interest, Its actually one of the major sins. Stay away from it walaal.

Interest is a form of Riba, There are over 70 types of Riba and interest is one of them.

I have got 2 books on Interest, I'll dig them up and give you some references from Quran and Hadith.

[Xamari_76]

Thanks that would be helpful.

[Executive]

Hadith - Sahih Bukhari, Volume 3, No. 299; Narrated ‘Aun bin Abu Juhaifah, r.a.

My father bought a slave who practised the profession of cupping, (My father broke the servants instruments of cupping). I asked my father why he had done so. He replied, "The Prophet forbade the acceptance of the price of a dog or blood, and also forbade the profession of tatooing, or getting tatooed and receiving or giving Riba (Usury), and cursed the picture makers."


Hadith - Sahih Bukhari, 2.468, Narrated Samura bin Jundab, r.a.

He speaks of in a dream related to the Prophet (SAW) that there is a river of blood and a man was in it, and another man was standing at its bank with stones in front of him,facing the man standing in the river. Whenever the man in the river wanted to come out , the other one threw a stone in his mouth and caused him to retreat back into his original position.The Prophet was told that these people in this river of blood were people who dealt in Riba (usury).


The Noble Qur'an - Al-Baqarah 275-281

275. Those who eat Riba (usury) will not stand (on the Day of Resurrection) except like the standing of a person beaten by Shaitan (Satan) leading him to insanity. That is because they say: "Trading is only like Riba (usury)," whereas Allah has permitted trading and forbidden Riba (usury). So whosoever receives an admonition from his Lord and stops eating Riba (usury) shall not be punished for the past; his case is for Allah (to judge); but whoever returns [to Riba (usury)], such are the dwellers of the Fire - they will abide therein.

276. Allah will destroy Riba (usury) and will give increase for Sadaqat (deeds of charity, alms, etc.) And Allah likes not the disbelievers, sinners.

277. Truly those who believe, and do deeds of righteousness, and perform As-Salat (Iqamat-as-Salat), and give Zakat, they will have their reward with their Lord. On them shall be no fear, nor shall they grieve.

278. O you who believe! Be afraid of Allah and give up what remains (due to you) from Riba (usury) (from now onward), if you are (really) believers.

279. And if you do not do it, then take a notice of war from Allah and His Messenger but if you repent, you shall have your capital sums. Deal not unjustly (by asking more than your capital sums), and you shall not be dealt with unjustly (by receiving less than your capital sums).

280. And if the debtor is in a hard time (has no money), then grant him time till it is easy for him to repay, but if you remit it by way of charity, that is better for you if you did but know.

281. And be afraid of the Day when you shall be brought back to Allah. Then every person shall be paid what he earned, and they shall not be dealt with unjustly.


The Noble Qur'an - Al-Imran 3:130

O you who believe! Eat not Riba (usury) doubled and multiplied, but fear Allah that you may be successful.


Hadith - Mishkat-ul-Masabih

The following three ahadith have been taken from Mishkat-ul-Masabih under the section of interest and the English translation has been taken from its English version written by Al Hajj Moulana Fazl Karim (218-227 vol.11)

Hazrat Jabir r.a. has reported that the Messenger of Allah cursed the devourer of usury, its payer, its scribe and its two witnesses. He also said that they were equal (in sin).

Hazrat Abu Hurairah r.a. reported that the Prophet said : A time will certainly come over the people when none will remain who will not devour usury. If he does not devour it, its vapour will overtake him. [Ahmed,Abu Dawood,Nisai,Ibn Majah]

Hazrat Abu Hurairah radiyallahu anhu reported that the Messenger of Allah said: I came across some people in the night in which I was taken to the heavens.Their stomachs were like houses wherein there were serpents,which could be seen from the front of the stomachs. I asked :O Gabriel! Who are these people? He replied these are those who devoured usury. [Ahmed,Ibn Majah]


Another Hadith on interest...

Hazrat Al-Khudri radiyallahu anhu reported that the Prophet said: Gold in exchange for gold, silver in exchange for silver, wheat in exchange for wheat, barley in exchange for barley,dates in exchange for dates, salt in exchange for salt is in the same category and (should be exchanged) hand to hand, so whoever adds or demands increase he has practised usury. The giver and taker are the same.