then take back your initial amount; neither causing loss to anyone else, nor facing loss yourself. (Part 3, Surah Al-Baqarah, Ayah 278-279)

At another place, it is stated:

اَلَّذِیْنَ یَاْكُلُوْنَ الرِّبٰوا لَا یَقُوْمُوْنَ اِلَّا كَمَا یَقُوْمُ الَّذِیْ یَتَخَبَّطُهُ الشَّیْطٰنُ مِنَ الْمَسِّؕ-ذٰلِكَ بِاَنَّهُمْ قَالُوْۤا اِنَّمَا الْبَیْعُ مِثْلُ الرِّبٰواۘ-وَ اَحَلَّ اللّٰهُ الْبَیْعَ وَ حَرَّمَ الرِّبٰواؕ   

Translation from Kanz-ul-Iman: Those who consume usury (interest) will not stand up on the Day of Judgement, but like the one who is possessed by an evil spirit making him insane; that is because they said, ‘Trade is also like usury.’ And Allah has made trading lawful and has made usury unlawful.

(Part 3, Surah Al-Baqarah, Ayah 275)

Commenting on the above-mentioned blessed Ayah, ‘Allamah Maulana Sayyid Muhammad Na’eemuddin Muradabadi رَحْمَةُ اللهِ تَعَالٰی عَلَيْه has stated: “It means that the way a person who is under the influence of a jinn cannot stand straight and walks unsteadily, the usurer [i.e. the one who gives and takes interest] will be in the same state on the Day of Judgement. His stomach will be very heavy with usury [i.e. interest] and he will fall down due to its burden.” He رَحْمَةُ اللهِ تَعَالٰی عَلَيْه further states: “This Ayah has declared usury to be Haraam and has condemned the usurers. There is a lot of wisdom behind declaring usury to be ‘Haraam. Some of it is as follows:

 ٭The practice of usury ruins trades. The usurer considers it very easy to obtain wealth without making any effort as compared to going through the difficulties and risks of trade. Moreover, lack of trade harms the human life.

 ٭Trend of usury affects mutual affection. When a person becomes used to receiving interest, then he does not like to help anyone by lending him any money without interest.