The Islamic Ruling on Receiving and Paying Interest from Banks

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Author: Dr. Muhammad Zia-ur-Rahman Azmi (رحمه الله)

The Ruling on the Interest Banks Take from Borrowers

The interest that banks take from borrowers and the interest they give to those who deposit their money with them—these all constitute interest (usury). The prohibition of interest is established by the Qur’an, Sunnah, and consensus (ijma) of the scholars.

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