Giving interest and Taking interest

Answered according to Hanafi Fiqh by Muftionline.co.za

Q: Is it harem to give interest?

Bismillaah

A: Interest is Haraam and forbidden in Islam. Taking interest and giving interest both are equally impermissible. Hazrat Jaabir (Radhiyallahu Anhu) reported that Rasulullah (Sallallahu Alayhi Wasallam) cursed the one who consumes interest, pays interest, the scribe for the interest transaction and the witness to such a deal. Rasulullah (Sallallahu Alayhi Wasallam) said that all are equal in the sin.

And Allah Ta’ala (الله تعالى) knows best.

 

Answered by:

Mufti Zakaria Makada

Checked & Approved:

Mufti Ebrahim Salejee (Isipingo Beach)

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