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Showing posts from October 14, 2012

The Enemies of Allah - People of Riba (Interest)

How can we avoid Riba? - Productive Muslim - Productive Muslim

How can we avoid Riba?Former president Obasanjo, commented on the debt Nigeria faces:
"All that we had borrowed up to 1985 or 1986 was around $5 billion and we have paid about $16 billion. Yet we are still being told that we owe about $28 billion. That $28 billion came about because of the injustice in the foreign creditors' (lenders) interest rates. If you ask me what is the worst thing in the world, I will say it is compound interest."
-Jubilee 2000 News Update, August 2000
Isn't it strange how a Muslim will strictly stay away from eating pork because it is haram, yet the same person has no problem devouring riba (otherwise known as usury or interest)?"…but whoever returns (to dealing in Riba), such are the dwellers of the Fire- they will abide therein". (Surah Baqarah, verse 275).Riba brings hardship into this life, but much more importantly and frighteningly are its consequences in the grave and akhirah (the Hereafter).So how can we avoid Riba?