Interest-bearing transactions: A punishable offence
“O Believers fear Allah
and give up that interest which is still due to you, if you are true Believers;
but if you do not do so, then you are warned of the declaration of war against
you by Allah and His Messenger. If however, you repent even now (and forego
interest), you are entitled to your principal; do no wrong, and no wrong will
be done to you.” (2:278, 279)
This verse was revealed
after the conquest of Makkah. Although interest was considered objectionable
earlier, it had not been legally prohibited. After the revelation of this verse
interest-bearing transactions became a punishable offence within the realm of
Islam. The Prophet (peace be upon him) warned the Arab tribes through his
officials that war would be declared against them if they did not give up
interest-bearing transactions. It was specified, for instance, in the agreement
under which the Christians of Najran were granted internal autonomy under the
suzerainty of the Islamic state, that if they continued to use interest, the
agreement with them would be considered void and their action an act of
belligerency. On the basis of the last words of the verse, Ibn 'Abbas, Hasan
al-Baari, Ibn Sirin and Rabi' ibn Anas are of the view that anyone who takes
interest within the boundaries of the Islamic State (Dar al-Islam) should be
pressed to repudiate the transaction and recant and, if he persists, should be
put to death. Others consider it sufficient to imprison such people and keep
them in prison until they pledge to give up taking interest.
With reference to the above quotations Hashmat Habib President Tehreek e Tahafuz e Adlia said; Quran and Sunnah is supreme laws of Pakistan but the rulers are adopting western rules of Govt and interest based economy which is strongly condemned. Although time is running swiftly towards disaster but there are chances of revival. International loans and circular debts can be cleared by one judgment of Federal Shariah Court on Riba otherwise judiciary is also a party to it.
Hashmat Habib warned
that FSC judgment will give a way to reschedule loans interest free otherwise
you have no time to wait for wrath of Allah. Our survival & prosperity lays
in rule of Islamic laws not in any other systems practice by humans.
Hashmat Habib said if
we will not take U-turn and enforce interest free economy and Islamic
principles of governance we will completely become slaves to International
conspirators such as IMF and World Bank etc.
By Nasir Mahmood
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