Riba Haram Hai - Prohibition of Interest - Dr Israr Ahmad

This lecture clarifies the stages of prohibition of interest (riba) in Islam. Dr. Israr Ahmad explains that the verses in Surah Al-Imran initially addressed the particularly harmful practice of compounding interest – interest accruing on interest – and warned against it. While some scholars view these verses as the definitive prohibition, Dr. Ahmad argues that further verses in Surah Al-Ma'idah finalized the complete ban. He highlights that the timing of the revelation of these verses—late in the Prophet’s life—suggests a focus on curbing the most egregious forms of riba prevalent at the time, and a need for further clarification. The lecture also references a hadith from Hazrat Umar (RA) indicating that the complete scope of prohibited transactions needed further explanation.

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