| Bismillah
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.
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Moulana Qamruz Zaman
London, UK
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