Take the 2-minute tour ×
Islam Stack Exchange is a question and answer site for Muslims, experts in Islam, and those interested in learning more about Islam. It's 100% free, no registration required.

According to sunni's riba is haraam, i.e. interest received or given to anyone at any time including to the bank, people, friends, relatives, for house mortgage payments etc etc.

Do Shia's have the same belief about riba?

Evidence from quran would be preferred.

share|improve this question
add comment

4 Answers

up vote 6 down vote accepted

For sure Riba is Haram in Shia view also, as it's direct order of Quran:

أَحَلَّ اللَّهُ الْبَيْعَ وَ حَرَّمَ الرِّبا

Riba has been declared Haram during all Shia history.

share|improve this answer
    
Not sure what that bottom part means, almost sounds like you're saying that riba is haraam but it's ok to take money from a bank and pay riba? –  nami Nov 16 '12 at 21:15
    
@nami I updated the answer, it's more to the point now –  Ali Nov 16 '12 at 21:29
add comment
Is Riba Haram?  (Shia View)
To define riba, we can say that riba is usury, lending for an exorbitant interest, which is prohibited in Islam for both giver and taker. Perhaps we can say Riba is prohibited in Islam by Allah because it has some detrimental effects on muslims society and is against of Islamic economical system.

God says in holy quran : يَمْحَقُ اللٌّهُ الرِّبوَا وَ يُرْبِي الصَّدَقَاتِ وَ اللٌّهُ لاَ يُحِبُّ كُلَّ كَفَّار أَثِيمٍ “Allah removes all the good that comes from Riba (Interest) and makes charitable gifts (Sadaqah) prosper, and Allah does not love every sinning, disbelieving person.” [Ibid., Verse 276] "Trade is like usury," but Allah hath permitted trade and forbidden usury. Those who after receiving direction from their Lord, desist, shall be pardoned for the past; their case is for Allah (to judge); but those who repeat (The offence) are companions of the Fire: They will abide therein (for ever).” (Quran 2:275). “O ye who believe! Devour not usury, doubled and multiplied; but fear Allah. that ye may (really) prosper.” (Quran 3:130) “and also see” (Quran 2:276-278-279)
Riba in shia viewpoint (narrations) Hazrat Imam Ja’far as-Sadiq (a.s.): “Taking a Dirham as interest is worse in the eyes of Allah than doing illegal intercourse with Mahram women.” (al-Kāfi) Imam ‘Ali (a.s.) says: “The Holy Prophet (S) has cursed one who accepts interest, one who pays interest, one who buys interest, one who sells interest, one who writes the contract of interest and one who is the witness of this transaction.” (Wasa’il ul-Shia)

Source: Quran ( http://www.al-islam.org/greater-sins-volume-1-ayatullah-sayyid-abd-al-husayn-dastghayb-shirazi/ninth-greater-sin-usury )

share|improve this answer
add comment

In the name of Allah the merciful the compassionate

To define riba, we can say that riba is usury, lending for an exorbitant interest, which is prohibited in Islam for both giver and taker.

If the materialistic aspect of world is considered only. one might say: “If we take interest (Riba) then our wealth will increase.” However by looking at things in a deeper context and he will say: “Not only will our wealth not increase by taking interest, rather it will actually decrease!”

God says in holy quran book:

يَمْحَقُ اللٌّهُ الرِّبوَا وَ يُرْبِي الصَّدَقَاتِ وَ اللٌّهُ لاَ يُحِبُّ كُلَّ كَفَّار أَثِيمٍ

“Allah removes all the good that comes from Riba (Interest) and makes charitable gifts (Sadaqah) prosper, and Allah does not love every sinning, disbelieving person.” [Ibid., Verse 276]

Riba is prohibited in Islam by Allah because it has some detrimental effects on muslims society and is against of Islamic economical system.

Riba in shia viewpoint

Riba is investigated briefly from shia view point. It is reported from Hazrat Imam Ja’far as-Sadiq (a.s.):

“Taking a Dirham as interest is worse in the eyes of Allah than doing illegal intercourse with Mahram women.” (al-Kāfi)

Imam ‘Ali (a.s.) says:

“The Holy Prophet (S) has cursed one who accepts interest, one who pays interest, one who buys interest, one who sells interest, one who writes the contract of interest and one who is the witness of this transaction.” (Wasa’il ul-Shia)

Ayatullah Nasir Makarim Shirazi writes in his Ethical Discourses, Volume 1:

When a person looks with precision, he will realize that the society in which interest is freely given and taken will end up in poverty and destruction and will also be plagued with insecurity. However, that society in which there is mutual help and assistance and one in which charity and monetary aid are given to one another is the society which will be successful, honoured and dignified (by Allah (SwT)).

share|improve this answer
add comment

"Trade is like usury," but Allah hath permitted trade and forbidden usury. Those who after receiving direction from their Lord, desist, shall be pardoned for the past; their case is for Allah (to judge); but those who repeat (The offence) are companions of the Fire: They will abide therein (for ever).” (Quran 2:275)

“O ye who believe! Devour not usury, doubled and multiplied; but fear Allah. that ye may (really) prosper.” (Quran 3:130)

“O ye who believe! Fear Allah, and give up what remains of your demand for usury, if ye are indeed believers. If ye do it not, Take notice of war from Allah and His Messenger. But if ye turn back, ye shall have your capital sums: Deal not unjustly, and ye shall not be dealt with unjustly.” (Quran 2:278-279)

(You asked for Shia, but this is the word of Allaah)

May Allaah guide us to thruth, amen.

share|improve this answer
    
Assalaamu Alaikum Peta Stewart!!! I welcome you to Islam.StackExchange.com and thank with all my heart for posting an answer. Answers on this site are expected to be structured, to the point and self-explanatory with suitable references. I request you to go through the FAQs and other answers to learn how to frame your answers. Jazaakallah!!! –  Tabrez Ahmed Nov 19 '12 at 15:15
add comment

Your Answer

 
discard

By posting your answer, you agree to the privacy policy and terms of service.

Not the answer you're looking for? Browse other questions tagged or ask your own question.