Studying Islam

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[quote]Assalamu alaikum,

QUOTE: Can someone please translate the words Usury and Riba, which everyone appears to equate with modern day interest?

According to my understanding it is as follows.

If someone borrows some money and after sometime he/she has to return not only the same amount but the added extra amount too, this extra amount is called USURY. If someone can’t return the money during the specified time then the extra amount becomes increased and increased with the passage of time. If RIBA and the INTEREST play same types of the cards, then all three (Riba, usury and interest) are one and the same.

Not sometimes but most of the time we say like for example, “The cutlets of the meat are Haram but their soup is Halal” and this in general, seems to be backbone of the disagreements between us, if I have succeeded to explain by closing the river into the bowl. As long as we have our hands, mouth and the stomach same as those who had been eating Riba then surely, “The meanings of the interest, playing the same game, would remain unchanged today OR same as Riba”

God hates those eat usury which is an extra unfair amount paid AFTER A PERIOD and what about those who charge extra money AT THE SPOT by a sophisticated manner and consider it, with their full confidence, Halal for them??

These are my views. Some comprehensive approach may add.

Wassalam with the SAYING OF GOD

O you who believe! Most surely many of the doctors of law and the monks eat away the property of men FALSELY, and turn (them) from Allah's way; and (as for) those who hoard up gold and silver and do not spend it in Allah's way, announce to them a painful chastisement. (9: 34)[/quote]

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