One of the earliest questions I had about Islamic teachings revolved around the concept of Riba (interest or usury). It’s a topic that, despite its profound significance, remains misunderstood or overlooked by many. Among my colleagues, I’ve yet to find anyone who fully grasps its basic fundamentals. In a world where life revolves around money—finances, investments, loans, and savings—it’s surprising how little attention this critical issue receives within our Ummah.

The Qur’an and Hadith are unequivocal in their condemnation of Riba. Allah (SWT) says in Surah Al-Baqarah (2:275):

“Those who consume interest cannot stand [on the Day of Resurrection] except as one stands who is being beaten by Satan into insanity. That is because they say, ‘Trade is [just] like interest.’ But Allah has permitted trade and has forbidden interest…”

This verse paints a vivid picture of the severity of engaging in Riba. It’s not just a financial transaction; it’s a spiritual and moral failing that distances one from the mercy of Allah. The comparison to being “beaten by Satan into insanity” is a powerful metaphor, emphasizing the destructive nature of Riba on both the individual and society.

Further, in Surah Al-Imran (3:130), Allah warns:

“O you who have believed, do not consume usury, doubled and multiplied, but fear Allah that you may be successful.”

Here, the prohibition is clear and direct. The phrase “doubled and multiplied” highlights how Riba exacerbates inequality and exploitation, creating a cycle of debt and hardship. It’s a stark reminder that success in this life and the hereafter is tied to our obedience to Allah’s commands.

The Prophet Muhammad (SAW) also emphasized the gravity of Riba. In a Sahih Hadith narrated by Jabir (RA), the Prophet (SAW) said:

“The Messenger of Allah (SAW) cursed the one who consumes Riba, the one who gives it, the one who writes it down, and the two who witness it. He said: ‘They are all the same.'” (Sahih Muslim)

This Hadith underscores that Riba is not just a sin for the one who directly benefits from it but for everyone involved in the transaction. It’s a collective responsibility to avoid and eradicate Riba from our lives.

In today’s world, where the “great resignation” is leading to a surge in startups and small businesses, it’s more important than ever for Muslims to educate themselves about Riba. Many young entrepreneurs and professionals are navigating financial decisions—loans, investments, savings—without fully understanding the Islamic perspective. This lack of knowledge can lead to unintentional involvement in Riba, which carries severe spiritual consequences.

I strongly recommend my brothers and sisters to take this matter seriously. Start by reading articles or books on Islamic finance and Riba. Dive into resources that explain the principles of halal earnings and investments. For those who want a structured approach, consider enrolling in the Diploma program at the International Open University. Their curriculum includes a dedicated subject on Islamic finance, covering Riba in depth. The program is self-paced, with certificates awarded for each subject completed across six levels. While the tests and quizzes vary by subject, they provide a valuable opportunity to assess your understanding.

For now, I urge every young Muslim to prioritize this issue. Riba is not just a financial matter; it’s a test of our faith and commitment to Allah’s commandments. As the Prophet (SAW) said:

“There will come a time upon people when they will not care about how they earn their wealth, whether through halal or haram means.” (Sahih Bukhari)

Let us not be among those who fall into this heedlessness. Let us strive to earn halal, invest wisely, and build a life that aligns with the teachings of Islam. By doing so, we not only protect our wealth but also our souls, ensuring success in this life and the hereafter.

May Allah guide us all to what is halal and protect us from the traps of Riba. Ameen.