THE ROLE OF INTEREST IN SOCIO-ECONOMIC EXPLOITATION

THE ROLE OF INTEREST IN SOCIO-ECONOMIC EXPLOITATION

Usury is declared unlawful in Islam . However , the conduct and teaching of the Holy Prophet  ﷺ   appreciate trade . Traders are given glad tiding and Muslims are encouraged for trading as it results in overall prosperity of the nation.Usury is the contrast of the Islamic concept of trade and it ex...

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Bibliographic Details
Main Authors: Dr Noor Ahmed Shahtaz, Saqib Muhammad Khan
Format: Article
Language:Arabic
Published: Sheikh Zayed Islamic Centre University of Karachi 2018-12-01
Series:The Islamic Culture
Online Access:http://www.theislamicculture.com/index.php/tis/article/view/304
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spelling doaj-3372c121fd0e4faf8111c5efc9ae11662021-07-31T15:40:34ZaraSheikh Zayed Islamic Centre University of KarachiThe Islamic Culture1813-775X2663-17092018-12-0128THE ROLE OF INTEREST IN SOCIO-ECONOMIC EXPLOITATIONDr Noor Ahmed ShahtazSaqib Muhammad Khan Usury is declared unlawful in Islam . However , the conduct and teaching of the Holy Prophet  ﷺ   appreciate trade . Traders are given glad tiding and Muslims are encouraged for trading as it results in overall prosperity of the nation.Usury is the contrast of the Islamic concept of trade and it exploits economically not an individual but the entire nation.Hence , the Ho;y Quran and Hadith condemn usury to extent that it is declared a war against Almighty Allah . Moreover severe consequences are declared for those who are involved in usury so that Muslims always remain far away from interest for the prosperity and economic stability of the entire community.  http://www.theislamicculture.com/index.php/tis/article/view/304
collection DOAJ
language Arabic
format Article
sources DOAJ
author Dr Noor Ahmed Shahtaz
Saqib Muhammad Khan
spellingShingle Dr Noor Ahmed Shahtaz
Saqib Muhammad Khan
THE ROLE OF INTEREST IN SOCIO-ECONOMIC EXPLOITATION
The Islamic Culture
author_facet Dr Noor Ahmed Shahtaz
Saqib Muhammad Khan
author_sort Dr Noor Ahmed Shahtaz
title THE ROLE OF INTEREST IN SOCIO-ECONOMIC EXPLOITATION
title_short THE ROLE OF INTEREST IN SOCIO-ECONOMIC EXPLOITATION
title_full THE ROLE OF INTEREST IN SOCIO-ECONOMIC EXPLOITATION
title_fullStr THE ROLE OF INTEREST IN SOCIO-ECONOMIC EXPLOITATION
title_full_unstemmed THE ROLE OF INTEREST IN SOCIO-ECONOMIC EXPLOITATION
title_sort role of interest in socio-economic exploitation
publisher Sheikh Zayed Islamic Centre University of Karachi
series The Islamic Culture
issn 1813-775X
2663-1709
publishDate 2018-12-01
description Usury is declared unlawful in Islam . However , the conduct and teaching of the Holy Prophet  ﷺ   appreciate trade . Traders are given glad tiding and Muslims are encouraged for trading as it results in overall prosperity of the nation.Usury is the contrast of the Islamic concept of trade and it exploits economically not an individual but the entire nation.Hence , the Ho;y Quran and Hadith condemn usury to extent that it is declared a war against Almighty Allah . Moreover severe consequences are declared for those who are involved in usury so that Muslims always remain far away from interest for the prosperity and economic stability of the entire community.  
url http://www.theislamicculture.com/index.php/tis/article/view/304
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