This is considered by the Qur’an to be loaning to God as we...
This is considered by the Qur’an to be loaning to God as we read in the following verse: إِن تُقْرِضُوا اللَّهَ قَرْضًا حَسَنًا يُضَاعِفْهُ لَكُمْ وَيَغْفِرْ لَكُمْ وَاللَّهُ شَكُورٌ حَلِيمٌ “If ye loan to God, a beautiful loan, He will double it to your (credit), and He will grant you Forgiveness: for God is most Ready to appreciate (service), Most Forbearing.” [The Holy Qur’an, al-Tagabun 64:17] This implies that loaning to God will be rewarded by Him and is a cause of forgiveness and divine appreciation.
In another verse we read: مَن ذَا الَّذِي يُقْرِضُ اللَّهَ قَرْضًا حَسَنًا فَيُضَاعِفَهُ لَهُ وَلَهُ أَجْرٌ كَرِيمٌ “Who is he that will loan to God a beautiful loan?
For (God) will increase it manifold to his credit, and he will have (besides) a liberal Reward.”[The Holy Qur’an, al-Hadid 57:11] In another verse the Qur’an says: إِنَّ الْمُصَّدِّقِينَ وَالْمُصَّدِّقَاتِ وَأَقْرَضُوا اللَّهَ قَرْضًا حَسَنًا يُضَاعَفُ لَهُمْ وَلَهُمْ أَجْرٌ كَرِيمٌ “For those who give in charity, men and women, and loan to God a beautiful loan, it shall be increased manifold (to their credit), and they shall have (besides) a liberal reward.” [The Holy Qur’an, al-Hadid 57:18] Some consider loaning to God to be just charity while others also include giving interest-free loans to believers: مَّن ذَا الَّذِي يُقْرِضُ اللّهَ قَرْضًا حَسَنًا فَيُضَاعِفَهُ لَهُ أَضْعَافًا كَثِيرَةً وَاللّهُ يَقْبِضُ وَيَبْسُطُ وَإِلَيْهِ تُرْجَعُونَ “Who is he that will loan to God a beautiful loan, which God will double unto his credit and multiply many times?
It is God that giveth (you) want or plenty, and to Him shall be your return.” [The Holy Qur’an, al-Baqarah 2:245] Usury as Viewed by the Qur’an Giving charity and interest-free loans were mentioned to be highly valued acts in Islam. In these acts, one only considers the pleasure of God and intends to help others. On the contrary, there is the question of usury that has extremely detrimental social effects.
We read in the following verse of the Holy Qur’an: يَا أَيُّهَا الَّذِينَ آمَنُواْ اتَّقُواْ اللّهَ وَذَرُواْ مَا بَقِيَ مِنَ الرِّبَا إِن كُنتُم مُّؤْمِنِينَ فَإِن لَّمْ تَفْعَلُواْ فَأْذَنُواْ بِحَرْبٍ مِّنَ اللّهِ وَرَسُولِهِ وَإِن تُبْتُمْ فَلَكُمْ رُؤُوسُ أَمْوَالِكُمْ لاَ تَظْلِمُونَ وَلاَ تُظْلَمُونَ “O ye who believe! Fear God, and give up what remains of your demand for usury, if ye are indeed believers.
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