About أنواع الربا
The rule of usury in Islam
Jurists and interpreters agree that usury was among the last things that were forbidden in the Holy Qur’an, and despite the agreement of the scholars of the nation, past and present, on the prohibition of usury and the severity of its danger, they differed widely about many of its branches and parts, such as the reality of usurious money and what falls under it, and what is the common cause. The university between usurious money, as well as the details of hidden usury..etc
They also recently disagreed about the ruling on dealing with bank interest, especially in non-Islamic countries. Is interest different from usury? Is there an agreement on the sanctity of interest?
What is the forbidden usury? The wisdom in that? And is the interest cut off by its sanctity? Is the wisdom of prohibiting it the same as the wisdom of prohibiting usury? Does the Islamic economic system differ from the Western one in prohibiting usury only? What is the impact of the jurisprudential differences over defining usury and its prohibited forms on some transactions in Western countries such as mortgages and student loans? These are the most important topics that will be discussed in this study.
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