"Say We believe in God and what is revealed to us and what was revealed to Abraham and Ishmael and I`saac and Jacob and the Tribes, and what was entrusted to Moses and Jesus and the prophets from their Lord. We make no distinction between any of them and to Him we have surrendered."
(Quran 3: 84)
This compilation of verses is taken from Appendix
I of the book 'Towards a Just Monetary Policy' by M Umer Chapra,
published by The Islamic Foundation, 223 London Road, Leicester, UK
First Revelation (Surah al-Rum. verse 39)
That which you give as interest to increase
peoples' wealth increases not with God; but that which you give in charity,
seeking the goodwill of God, multiplies manifold. (The Qurán 30:39)
Second Revelation (Surah al-Nisa, verse 161)
And for their taking interest even though it was
forbidden for them, and their wrongful appropriation of peoples' property, We
have prepared for those among them who reject faith a grievous punishment. (The
Qurán 4: 161)
Third Revelation (Surah Aal Imran, verse 130-2)
O believers, take not doubled and redoubled
interest, and fear God so that you may prosper. Fear the fire which has been
prepared for those who reject faith, and obey God and the Prophet so that you
may receive mercy. (The Qurán 3:130-132)
Those who benefit from interest shall be raised
like those who have been driven to madness by the touch of the Devil; this is
because they say: "Trade is like interest" while God has permitted
trade and forbidden interest. Hence, those who have received admonition from
their Lord and desist, may have what has already passed, their case being
entrusted to God; but those who revert shall be the inhabitants of the fire and
abide therein for ever. (The Quran 2:275)
God deprives interest of all blessings but blesses
charity; He loves not the ungrateful sinner. (The Qurán 2:276)
Those who believe, perform good deeds, establish
regular prayer and pay the Zakat, their reward is with their Lord;
neither should they have any fear, nor shall they grieve. (The Qurán 2:277)
O believers, fear God, and give up the interest
that remains outstanding if you are believers. (The Qurán 278)
If you do not do so, then be sure of being at war
with God and His messenger. But, if you repent, you can have your principal.
Neither should you commit injustice nor should you be subjected to it. (The
Qurán 2:279)
If the debtor is in difficulty, let him have
respite until it is easier, but if you forego out of charity, it is better for
you if you realise. (The Qurán 2:280)
And fear the Day when you shall be returned to the
Lord and every soul shall be paid in full of what it has earned and no one shall
be wronged. (The Qurán 2:281)
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