Riba (Usury): Difference between revisions

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{{QualityScore|Lead=2|Structure=2|Content=2|Language=3|References=2}}'''Riba''' (ربا; lit. "increase") is a financial concept from pre-Islamic times adopted by [[Shari'ah (Islamic Law)|Islamic law]] which is similar to usurious interest. Despite generally being understood by common Muslims as referring to any form of interest whatsoever, the exact nature of Riba is not clearly outlined in Islamic [[scriptures]] and is thus widely debated among traditional Islamic scholars. In addition to contrary indications as to the meaning of Riba in scripture, there exist no [[Sahih|authentic]] [[hadith]] which attempts to define Riba in universally applicable terms, although examples are given for what constitutes Riba in the case of specific items (such as gold and wheat).<ref>{{Bukhari|3|34|382|}}</ref> <ref name=":0">{{Citation|title=Encyclopaedia of Islam|publisher=E.J. Brill|volume=8 NED-SAM|editor1=C.E. Bosworth|editor2=E. van Donzel|editor3=W.P. Heinrichs|editor4=G. Lecomte|edition=New Edition [2nd]|location=Leiden|chapter=Riba|pages=491-493|publication-date=1995|isbn=90 04 09834 8}}</ref> Nonetheless, Riba is mentioned and prohibited in grave terms by the Quran several times. In a hadith in Sahih Bukhari, Umar is reported to have said, "I wish Allah's Apostle had not left us before he had given us definite verdicts concerning three matters." One of three matters, Umar says, is the "various types of Riba".<ref>{{Bukhari|7|69|493|}}</ref>
{{QualityScore|Lead=2|Structure=2|Content=2|Language=3|References=2}}'''Riba''' (ربا; lit. "increase") is a financial concept from pre-Islamic times adopted by [[Shari'ah (Islamic Law)|Islamic law]] which is similar to usurious interest. Despite generally being understood by common Muslims as referring to any form of interest whatsoever, the exact nature of Riba is not clearly outlined in Islamic [[scriptures]] and is thus widely debated among traditional Islamic scholars. In addition to contrary indications as to the meaning of Riba in scripture, there exist no [[Sahih|authentic]] [[hadith]] which attempts to define Riba in universally applicable terms, although examples are given for what constitutes Riba in the case of specific items (such as gold and wheat).<ref>{{Bukhari|||2174|darussalam}}</ref> <ref name=":0">{{Citation|title=Encyclopaedia of Islam|publisher=E.J. Brill|volume=8 NED-SAM|editor1=C.E. Bosworth|editor2=E. van Donzel|editor3=W.P. Heinrichs|editor4=G. Lecomte|edition=New Edition [2nd]|location=Leiden|chapter=Riba|pages=491-493|publication-date=1995|isbn=90 04 09834 8}}</ref> Nonetheless, Riba is mentioned and prohibited in grave terms by the Quran several times. In a hadith in Sahih Bukhari, Umar is reported to have said, "I wish Allah's Apostle had not left us before he had given us definite verdicts concerning three matters." One of three matters, Umar says, is the "various types of Riba".<ref>{{Bukhari|||5588|darussalam}}</ref>


The lack of clarity regarding the nature of Riba combined with the difficulty of conducting commerce and managing large-scale economies without the use of basic types of interest has created significant obstacles for the implementation of Islamic economic ideas in the world today.<ref name=":0" /> In medieval times in Muslim as well as Christian lands, difficulties with the simultaneous prohibition on and need for interest-based loans sometimes led to the use of Jewish bankers as middlemen who were comfortable transacting in interest. These same difficulties led to the creation of technical legal loopholes whereby interest would effectively be permitted by certain [[Madh'hab|schools (madhhabs) of Islamic law]].<ref name=":0" />
The lack of clarity regarding the nature of Riba combined with the difficulty of conducting commerce and managing large-scale economies without the use of basic types of interest has created significant obstacles for the implementation of Islamic economic ideas in the world today.<ref name=":0" /> In medieval times in Muslim as well as Christian lands, difficulties with the simultaneous prohibition on and need for interest-based loans sometimes led to the use of Jewish bankers as middlemen who were comfortable transacting in interest. These same difficulties led to the creation of technical legal loopholes whereby interest would effectively be permitted by certain [[Madh'hab|schools (madhhabs) of Islamic law]].<ref name=":0" />
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====Unexplained meaning====
====Unexplained meaning====
{{Quote|{{Bukhari|7|69|493}}|Narrated Ibn `Umar:
{{Quote|{{Bukhari|||5588|darussalam}}|Narrated Ibn `Umar:


`Umar delivered a sermon on the pulpit of Allah's Messenger (ﷺ), saying, "Alcoholic drinks were prohibited by Divine Order, and these drinks used to be prepared from five things, i.e., grapes, dates, wheat, barley and honey. Alcoholic drink is that, that disturbs the mind." `Umar added, "'''I wish Allah's Apostle had not left us before he had given us definite verdicts concerning three matters''', i.e., how much a grandfather may inherit (of his grandson), the inheritance of Al-Kalala (the deceased person among whose heirs there is no father or son), and '''various types of Riba (usury)'''."}}{{Quote|[https://sunnah.com/ahmad/2/160 Musnad Ahmad 2:160]|'''The last thing to be revealed was the verse on riba, but the Messenger of Allah (ﷺ) passed away and did not discuss it with us'''. So give up riba and doubtful things.<br> '''Grade: Hasan''' (Darussalam)}}
`Umar delivered a sermon on the pulpit of Allah's Messenger (ﷺ), saying, "Alcoholic drinks were prohibited by Divine Order, and these drinks used to be prepared from five things, i.e., grapes, dates, wheat, barley and honey. Alcoholic drink is that, that disturbs the mind." `Umar added, "'''I wish Allah's Apostle had not left us before he had given us definite verdicts concerning three matters''', i.e., how much a grandfather may inherit (of his grandson), the inheritance of Al-Kalala (the deceased person among whose heirs there is no father or son), and '''various types of Riba (usury)'''."}}{{Quote|[https://sunnah.com/ahmad/2/160 Musnad Ahmad 2:160]|'''The last thing to be revealed was the verse on riba, but the Messenger of Allah (ﷺ) passed away and did not discuss it with us'''. So give up riba and doubtful things.<br> '''Grade: Hasan''' (Darussalam)}}


====Punishment====
====Punishment====
{{Quote|{{Bukhari|3|34|298}}|Narrated Samura bin Jundab:
{{Quote|{{Bukhari|||2085|darussalam}}|Narrated Samura bin Jundab:


The Prophet (ﷺ) said, "This night I dreamt that two men came and took me to a Holy land whence we proceeded on till we reached a river of blood, where a man was standing, and on its bank was standing another man with stones in his hands. The man in the middle of the river tried to come out, but the other threw a stone in his mouth and forced him to go back to his original place. So, whenever he tried to come out, the other man would throw a stone in his mouth and force him to go back to his former place. I asked, 'Who is this?' I was told, 'The person in the river was a Riba-eater."}}
The Prophet (ﷺ) said, "This night I dreamt that two men came and took me to a Holy land whence we proceeded on till we reached a river of blood, where a man was standing, and on its bank was standing another man with stones in his hands. The man in the middle of the river tried to come out, but the other threw a stone in his mouth and forced him to go back to his original place. So, whenever he tried to come out, the other man would throw a stone in his mouth and force him to go back to his former place. I asked, 'Who is this?' I was told, 'The person in the river was a Riba-eater."}}
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