I am a qualified accountant in London. Being an accountant some way or the other you have to do bookkeeping for interest accounts or other accounts which have an interest element in them. There is hardly any institution here which is 100% free from interest or interest related accounts even if they are trading in permissible commodities. There is interest involved in acquiring machinery, premises, cars, loans and others for a business in every organization.…
Are we allowed to purchase property in a non-Muslim country on instalments where the matter of bank interest (riba) is involved?
It is said that interest earned on savings in bank account if given to deserving people is allowed in Islam and it does not fall within the ambit of riba. Pease comment on this view.
I wanted to understand why God Almighty has said that people who deal in usury are at war with God and his Prophet (pbuh)? Why God and his Prophet (pbuh) are not at war with rapists, murderers, hypocrites and other culprits? Why interest is so heinous a crime compared to other misdeeds?
Is it allowable to:
I was thinking in terms of any Ta’zeer punishment or Hadd for the one who consumes riba, haram meat, meat of dead-haram animals as there were Hadd punishments for various acts in the Qur’an. Since there are very serious warnings for consuming riba (consuming), but without any worldly punishment.