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Interest related

Answered as per Hanafi Fiqh by FatwaCentre.org
Question

Assalamualykum wa rahmatuallahi wa barakatuh. Dear Mufti sahib in Shaa ALLAH I pray you are doing good.

Dear sheikh my friend recently told me that he had found many references and evidence from the Quran and Hadith which prohibits the consumption of interest riba. His question is that if there are any references also explicitly prohibiting the paying of interest. He says that payee of the interest is Mazloom and has no choice therefore it is not haram. Sheikh would you be able to help me regarding this issue by sharing some references from Quran and Hadith regarding the paying of interest is haram.

I pray ALLAH grants me knowledge and grants us jannat.

JazakALLAH.

Wassalam.


Answer

Giving and taking interest are both unlawful. In fact, even becoming a witness to an interest based transaction is impermissible. Imam Muslim mentions a report from Jabir (may Allah be pleased with him) who narrates that the Prophet (may Allah bless him and give him peace) cursed the one who consumes interest, the one who pays it, the one who records it, and the two witnesses, and he said, they are all equal.

صحيح مسلم (3/ 1219)
«عَنْ جَابِرٍ، قَالَ: «لَعَنَ رَسُولُ اللهِ صَلَّى اللهُ عَلَيْهِ وَسَلَّمَ آكِلَ الرِّبَا، وَمُؤْكِلَهُ، وَكَاتِبَهُ، وَشَاهِدَيْهِ»، وَقَالَ: «هُمْ سَوَاءٌ

Answered by:
Ifta Research Fellow

Checked & Approved by:
Mufti Abdul Rahman Mangera
Mufti Zubair Patel

This answer was collected from FatwaCentre.org, which is overseen by Dr. Mufti Abdur-Rahman Mangera.

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