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Is it haram to pay interest on a loan I take out?

Answered as per Hanafi Fiqh by Muftisays.com
I know the riba (usury) is haram to take it ,but if i want to get a laon that has interest and i am the one who is gonna paying the interest. is that haram too paying usury(riba).


Al-jawab billahi at-taufeeq (the answer with Allah’s guidance)

Yes, this is Haram.

Allah Ta’ala says, “O you who believe, do not consume interest, double & multiplied. And be conscious of Allah in order that you may be successful. (3:130)

“O! you who believe, fear Allah and give up what remains of your demand for usury, if you are indeed believers. But if you do not (abstain) take notice of war from Allah and His Apostle…” (2:279)

Nabi (Sallallahu Alaihi Wasallam) has said:

On the night of Miraj, when we reached the seventh Heaven I looked above me. Suddenly I heard the sound of thunder and lightning. Then I came to a group of people whose bellies/stomachs were as big as houses, in which there were snakes which could be seen from the outside. I asked Jibraeel “Who are these people?” He replied “People who consumed interest.”
(Ibn Majah, Ahmad)

Abu bakr Siddiq (ra) said:”The one who takes and the one who gives interest will go to the fire.” (Al-Kabair Pg.129)

And Only Allah Ta’ala Knows Best.

Moulana Qamruz Zaman
London, UK

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This answer was collected from MuftiSays.com, based in London (UK). It is one of the fruits of Darul Uloom London. Many ‘ulama are involved in answering the Q&A on the site, including: Shaikul Hadeeth Mufti Umar Farooq Sahib, Mufti Saifur Rahman Sahib, Mufti Abdullah Patel Sahib, Maulana Qamruz Zaman Sahib, Mufti Abu Bakr Karolia Sahib.

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