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﴿ فَاسْأَلُوا أَهْلَ الذِّكْرِ إِن كُنتُمْ لَا تَعْلَمُونَ ﴾

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The Meaning of Riba of the Pre-Islamic Age of Ignorance

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Question:
He says: Honorable Shaykh, what is the meaning of riba al-jahiliyyah? Please explain that with an example.

Answer:
Riba al-jahiliyyah is that when a deferred debt comes due, its owner says to the debtor, “Either you pay it off, or we will increase the debt and extend the term.” This is not permissible; this is riba al-jahiliyyah, doubling the debt without any benefit accruing to the debtor, especially if he is unable to pay. Allah, Mighty and Majestic, says:
And if someone is in hardship, then [let there be] postponement until [a time of] ease. But if you give [from your right as] charity, then it is better for you, if you only knew.وَإِن كَانَ ذُو عُسْرَةٍ فَنَظِرَةٌ إِلَىٰ مَيْسَرَةٍ وَأَن تَصَدَّقُوا خَيْرٌ لَّكُمْ إِن كُنتُمْ تَعْلَمُونَ
[Al-Baqarah 2:280]
Yes.

The presenter:
May Allah reward you,
Source نور على الدرب - الفوزان - 03/046 — archive.org (8:13)

The Arabic text is a machine transcription of the audio recording.

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