Surah Ali 'Imran, Ayah 131

Interest (Riba) is Prohibited

Allah prohibits His believing servants from dealing in Riba and from requiring interest on their capital, just as they used to do during the time of Jahiliyyah. For instance, when the time to pay a loan comes, the creditor would say to the debtor, "Either pay now, or the loan will incur interest." If the debtor asks for deferment of the loan, the creditor would require interest and this would occur year after year until the little capital becomes multiplied many times. Allah also commands His servants to have Taqwa of Him so that they may achieve success in this life and the Hereafter. Allah also threatens them with the Fire and warns them against it, saying,

The meaning of doubled and multiplied

The detailed rules regarding 'riba' and the philosophy underlying its prohibition have been discussed thoroughly in Surah al-Baqarah verses 275-278 (Volume 1 of this commentary). However, it may be pointed out here that words أَضْعَافًا مُّضَاعَفَةً of (doubled and multiplied) used in this verse do not mean that the prohibition of 'riba' is restricted only to a transaction where the interest is doubled or multiplied. In fact, these words are not used in a restrictive sense, because it is evident from Surah al-Baqarah that 'riba' or interest is prohibited in any case, even though its rate is not so high as to make it doubled or multiplied.

These words are used only to explain the factual position prevalent at that time, and to indicate its unjust and evil nature. Moreover, these words also suggest that even the interest charged is simple and not compound, yet once a person is engaged in the business of interest he does not stop at charging interest in one transaction only. Rather, he reinvests the income of interest in another loan transaction, and keeps investing the interest proceeds in similar transactions again and again, and thus the ultimate result is that the original interest charged through the first transaction is doubled and multiplied.

Believers should never be upset at any lack of manpower or resources. When small in number, they should have the conviction that God will amply compensate for this by sending angels down to help them. When confronted with inadequate resources, they should trust God to create such situations as will compensate for this deficiency. Success depends more on patience and being God-fearing (taqwa) than on material resources. Those who fear and trust God can receive His divine succour in two ways: first, by His causing a section of the enemy to be brought to repentance and submission, thus reducing their number; and second, by His bringing about their outright defeat. The first kind of God’s succour comes by way of dawah work. God opens to the truth the hearts of those opponents, who have some receptivity in them, and thus they join the believers. In this way they weaken the enemy forces and strengthen the believers’ ranks. By the second method, God gives strength and courage to the believers and enables them to emerge victorious.