Riba In Islam By IMRAN N. HOSEIN

IMRAN N. HOSEIN

About The Author

Imran N. Hosein was born in Trinidad, West Indies. He studied Islam under the guidance of the distinguished Islamic Scholar, Maulana Dr. Muhammad Fadlur Rahman Ansari, at The Aleemiyah Institute of Islamic Studies, Karachi, Pakistan. He also did post-graduate studies in philosophy at Karachi University, and in International Relations of international Studies, Geneva, Switzerland.

A former Foreign Service Officer in the Trinidad and Tobago Foreign Service, her resigned his job in 1985 to devote his life to the mission of Islam. He was appointed Principal at The Aleemiyah Institute of Islamic Studies, Pakistan, a position he held until 1988. In 1989 he migrated to USA and was appointed director of Institute for Islamic Education and research in Miami, Florida. Since 1991 he has worked in New York as Director of Islamic Studies for The Joint Committee of Muslim Organization of Greater New York. This included the Islamic Community of the United Nations at the UN headquarters in Manhattan, NY. He has also recently been appointed as Director of Da’wah for Tanzeem-e- Islami of North America.

He Has traveled extensively in the cause of Islam visiting South East Asia, for example, seven times since 1988 on Islamic lecture tours. he has recently completed a full year of service to the cause of Islam in the Caribbean

The Importance of the Prohibition of Riba In Islam

The main theme of this book is a demonstration of the importance of the prohibition of riba in Islam. Most of Muslims in the world today are largely ignorant of the importance of this prohibition, and the severe punishment which awaits those who indulge in riba, either as lenders, borrowers, bankers, or even witnesses.

Punishment will begin in the grave itself!

The Prohibition of Riba in the Qur’an & Sunnah

When the poor are permanently poor, and the rich, permanently rich, that is oppression! When the poor are going poorer, and the rich, richer, then it will end in slavery. All around the world today that economic oppression exists, and is constantly increasing. Riba is the cause! In fact the system is, in many respects, a system of legalized theft.

Islam has strictly prohibited Riba prohibited riba, yet the world today, including the muslim world, is saturated with riba. This book attempts to present the otherwise complex subject or riba in a way which is simple, and easily comprehensible. The book also refutes the false opinions that modern bank interest is not riba, that borrowing on interest for housing etc., in western countries is permissible because these countries are Daar al-harb,- and that buying ‘cash’ and selling ‘credit’ with a ‘markup’ (see muslim credit union) is permissible because it is not riba. All these opinions are not just false, but dangerously false. All those transactions are riba and, thus, haram! Terrible, terrible punishment awaits those who persist in riba even after the divine warning has reached them.

The book also has an appendix of questions and answers on riba.