Quote from: Pikachi42 on January 09, 2024, 02:48:05 AM

Usury is a common sin in today's world. People are using usury to such an extent that they have forgotten that Allah Ta'ala has prohibited usury. I think around 60-70 percent of people in the world are involved in usury. Allah Ta'ala says in His Qur'an verses 278-279 - 'O you who believe, fear Allah and give up what you owe on interest, if you are believers. If you do not (do not leave the arrears of interest, continue the business of interest) then hear the declaration of war from Allah and His Messenger....'There are different opinions about interest in different countries of the world. However, in Muslim countries interest is considered haram and in Burman this interest is openly traded. Accumulating interest is a trivial task. Usury creates strife among people, usury drives people to death, and earning usury will never satisfy you.
How is interest assessed in your country? How do you rate interest?
From my point of view it is better to do away with interest. Let us all shun usury.

The issue of usury or interest is characterized by human, inhumanity to fellow man, naturally creator of the world never expect helping a fellow to who is in need or in problem that require him to borrow to be purnished by adding usury or interest. Many religious condemned it but some allow it , normally this ought to be controlled by the government of a Nation but some government do why some don't, like my nation here many charges are applied on your deposite in bank which is not good at first place. When you talk about loan in bank is even a death sentence because many things they will demand from you as guarantor and the usury or interest they will add up will discouraged you. It's on this note that have made some private sector not even recognize have jump into money lending due to high usury or interest benefit, because the system here never condemned it from the top.