Re: How Serious is Taking Riba (Interest) in Islam? PLZ REPL
What Quraan says about it;
(1) Those who eat Riba (usury) will not stand (on the Day of Resurrection) except like the standing of a person beaten by Shaitan (Satan) leading him to insanity. That is because they say: "Trading is only like Riba (usury)," whereas Allah has permitted trading and forbidden Riba (usury). So whosoever receives an admonition from his Lord and stops eating Riba (usury) shall not be punished for the past; his case is for Allah (to judge); but whoever returns [to Riba (usury)], such are the dwellers of the Fire - they will abide therein.
( ???? ?????? , Al-Baqara, Chapter #2, Verse #275)
(2) Allah will destroy Riba (usury) and will give increase for Sadaqat (deeds of charity, alms, etc.) And Allah likes not the disbelievers, sinners.
( ???? ?????? , Al-Baqara, Chapter #2, Verse #276)
(3) O you who believe! Be afraid of Allah and give up what remains (due to you) from Riba (usury) (from now onward), if you are (really) believers.
( ???? ?????? , Al-Baqara, Chapter #2, Verse #278)
(4) O you who believe! Eat not Riba (usury) doubled and multiplied, but fear Allah that you may be successful.
( ???? ?? ????? , Aal-e-Imran, Chapter #3, Verse #130)
(5) And their taking of Riba (usury) though they were forbidden from taking it and their devouring of men's substance wrongfully (bribery). And We have prepared for the disbelievers among them a painful torment.
( ???? ?????? , An-Nisa, Chapter #4, Verse #161)
(6) And you see many of them (Jews) hurrying towards sin and transgression, and eating illegal things [as bribes and Riba (usury)]. Evil indeed is that which they have been doing.
( ???? ??????? , Al-Maeda, Chapter #5, Verse #62)
(7) And unto those who are Jews, We forbade every (animal) with undivided hoof, and We forbade them the fat of the ox and the sheep except what adheres to their backs or their entrails, or is mixed up with a bone. Thus We recompensed them for their rebellion [committing crimes like murdering the Prophets and eating of Riba (usury)]. And verily, We are Truthful.
( ???? ??????? , Al-Anaam, Chapter #6, Verse #146)
there is a book called "The Art of Islamic Science and banking" best book that I have heard not read all of it just purchased yesterday by Yahia Abdul Rahman. This book has lot of details in it. Here is a link you can read most of it by clicking on Google preview.
hopefully this would help u
May Allah keep us all away from harm & wrong path. Aameen