Sood ka Masla aur Islami Maeeshat - The Problem of Interest and Islamic Economics
Dr. Israr Ahmad comprehensively explains the prohibition of interest (riba) in Islam and contrasts it with lawful trade and charity (zakat, sadaqat). He details how interest-based economies create unemployment, inflation, and instability, while Islamic economics promotes genuine prosperity through ethical financial practices. The lecture highlights the importance of giving preference to charity and interest-free loans (qard-e-hasana) as the best use of savings, emphasizing that true wealth lies in pleasing Allah and helping those in need. He also clarifies the distinction between fixed capital and circulating capital, showing how the former is permissible while the latter, when used for profit, falls under the prohibition of riba. Dr. Ahmad concludes with a call to abandon interest and embrace a just and equitable economic system based on Islamic principles.
