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Charging interest is forbidden in Islam.
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SUPPORTED
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8 sources for · 0 against
Is it true that charging interest is forbidden in Islam?
Yes. Multiple reference works, a peer-reviewed article, and a finance textbook state that riba (interest) is forbidden in Islam, with the orthodox consensus extending the prohibition to all charging of interest. One item only reports a person's remark to that effect.
Verdict: SUPPORTED · 8 sources for, 0 against · Last checked
Evidence for · 8
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Textile economies : power and value from the local to the transnational. (2011). archive.org. https://archive.org/details/isbn_9780759120617
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More for · 7
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historical-dictionary-of-islam-ludwig-w.-adamec. (n.d.). archive.org. https://archive.org/details/historical-dictionary-of-islam-ludwig-w.-adamec
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encyclopaediaofr07hast. (n.d.). archive.org. https://archive.org/details/encyclopaediaofr07hast
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Riba - Wikipedia. (n.d.). en.wikipedia.org. https://en.wikipedia.org/wiki/Riba
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English, I. H. (n.d.). Prohibited Acts In Islam That Lead To Division And Cause Hatred. archive.org. https://archive.org/details/prohibited-acts-in-islam-that-lead-to-division-and-cause-hatred
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ISLAM BANKS: FEATURES, PROBLEMS, DEVELOPMENT PROSPECTS. (2021). doi.org. https://doi.org/10.5281/zenodo.4999800
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The Issue of Riba in Islamic Faith and Law. (2001). doi.org. https://doi.org/10.5840/spiritgds200128
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Hassan, A., AlMaghaireh, A. I., & Islam, M. S. (2022). Islamic Financial Markets and Institutions. play.google.com. https://play.google.com/store/books/details?id=a9Z2EAAAQBAJ&source=gbs_api
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