Ibn 'Abbas's retraction of his view on riba al-fadl (usury of excess in a like-for-like exchange)
Machine translationRead the Arabic original
Question:
Also, the questioner… and it is due to the human passion in the times, one does not know if it is poverty, and so it is
Answer:
Ibn 'Abbas retracted this. Ibn 'Abbas used to hold that there is no riba (usury or interest) except in riba al-nasi'ah (usury of deferment), while excess is permissible. But he retracted this and joined the scholarly consensus on prohibition, when the hadiths became clear to him, he retracted.
The presenter:
May Allah keep you safe.
Also, the questioner… and it is due to the human passion in the times, one does not know if it is poverty, and so it is
Answer:
Ibn 'Abbas retracted this. Ibn 'Abbas used to hold that there is no riba (usury or interest) except in riba al-nasi'ah (usury of deferment), while excess is permissible. But he retracted this and joined the scholarly consensus on prohibition, when the hadiths became clear to him, he retracted.
The presenter:
May Allah keep you safe.
Source
شرح عمدة الأحكام، باب الرّبا والصّرف - باب الرّهن وغيره — islamhouse.com (1:01:37)
The Arabic text is a machine transcription of the audio recording.