Mufti Online — Madrasah Ta'leemuddeen

Dealing in interest

· 1 Dhuʻl-Hijjah 1434 AH1 min readEnglish

Question

You know banks pay you interest if you have account with them and if use credit card you also pay interest to a bank. So if you receive and give interest(riba) would you be in hellfire forever? Below words from Quran says forever. Trade is like usury, but Allah hath permitted trade and forbidden usury. Those who after receiving direction from their Lord, desist, shall be pardoned for the past; their case is for Allah (to judge); but those who repeat (the offence) are companions of the Fire: they will abide therein (for ever). [2:275]

I thought only thing will put you in hellfire forever is shirk.

Answer

To legalise any prohibition of Shari'ah (that is proven from a nass-e-qat'ee) and regard it as halaal will take one out of the fold of Islam. Hence if one receives and pays interest regarding it completely halaal despite knowing that Allah Ta'ala categorically declared it's prohibition in the Qur'an, one will come out of the fold of Islam and remain forever and ever in jahannum.

Refer to http://muftionline.co.za/node/2145

And Allah Ta'ala (الله تعالى) knows best.

Answered by
Mufti Zakaria Makada
Checked & approved by
Mufti Ebrahim Salejee (Isipingo Beach)
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Source: Mufti Online — Madrasah Ta'leemuddeen — https://muftionline.co.za/node/3948
Fatawa SA: https://fatawa.co.za/fatwa/muftionline-3948

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