Riba-Free Banking & Investment–By INAMULLAH ANSARI


Those who live on usury will not rise up before Allah except like those who are driven to madness by the touch of Shaitãn. That is because they claim: “Trading is no different than usury, but Allah has made trading lawful and usury unlawful. He who has received the admonition from his Rabb and has mended his way may keep his previous gains; Allah will be his judge”. Those who turn back (repeat this crime), they shall be the inmates of hellfire wherein they will live forever. Allah has laid His curse on usury and blessed charity to prosper. Allah does not love any ungrateful sinner. Aayaats—275—276, Surah—Al—Baqara, Para—3.

O You who believe! Fear Allah and waive what is still due to you from usury if you are indeed believers; or war shall be declared against you by Allah and His Rasool (Peace be on Him). If you repent, you may retain your principal, causing no loss to debtor and suffering no loss. Aayaats—278—279, Surah—Al—Baqara—Para—3.

O believers! Do not live on usury (compound interest) which is compounded over and over again. Have fear of Allah so that you may prosper. Guard yourself against the Fire which is prepared for the unbelievers. Obey Allah and His Rasool (Peace be on Him) so that you may find mercy. Aayaats—131—132, Surah—Ale—Imran, Para—3.

Taking of usury in spite of its prohibition, and cheating others of their properties—We made many wholesome things unlawful which were formerly lawful for them. We have prepared a painful punishment for those among them who reject faith. Aayat—161, Surah—An—Nisa, Para—6.

To Allah belongs all that is in the heavens and in the earth. Whether you reveal what is in your minds or conceal it, Allah will call you to account for it. He, however, has full authority to pardon or punish anyone He pleases. Allah has complete power over everything. Aayat—284, Surah—Al—Baqara—Para—3.

We hear and we obey. Grant us Your forgiveness, O Rabb; to You we shall all return. Allah does not burden any human being with more than he can bear. Everyone will enjoy the credit of his deeds and suffer the debits of his evil-doings. “Our Rabb! Do not punish us if we forget or make a mistake. Our Rabb! Do not place on us a burden as You placed on those before us. Our Rabb! Lay not on us the kind of burden that we have no strength to bear. Pardon us, Forgive us, Have mercy on us. You are our Protector, help us against the unbelievers.” Aayaats—285—286, Surah—Al—Baqara, Para—3.

INAMULLAH ANSARI

+92(0)333.2244.634/300.2176.393. Business Development Officer (0119—007) @ MEEZAN BANK LIMITED (The Premier Islamic Bank) for Branches: Gulistan—e—Jauhar, Millennium Mall (08 AM—08 PM), Gulshan—e—Iqbal Main University Road Facing PIA Planetarium (08 AM—08 PM), Sub—Branch behind Bait—ul—Mukarram Masjid and Gulshan Chowrangi Adjacent Disco Bakery. www.meezanbank.com eMail: ansariinam@hotmail.com

If You punish them, they surely are Your servants; and if You forgive them, You are Mighty, Wise.” Aayat—118, Surah—Al—Maida, Para—7.

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