This is part 2 of 5 of our series highlighting key arguments and refutations from Mufti Taqi Usmani and others in the “Historic Judgment on Interest” delivered at the Supreme Court of Pakistan in 1999. Argument “The word ‘riba’ refers only to usurious loans against which creditors charged excessive rates of interest entailing exploitation. Modern…

This is part 1 of 5 of our series highlighting key arguments and refutations from Mufti Taqi Usmani and others in the “Historic Judgment on Interest” delivered at the Supreme Court of Pakistan in 1999. What is Riba? Any excess charged in exchange for a due consideration. “The riba known to and practiced by the…

The poor pay tax in cash and natural resources, and the IMF and World Bank, in the name of “development” recycle these loans back to the rich. In this excerpt from a now classic interview with social and political philosopher Noam Chomsky, he talks about the role interest-based finance plays in hurting the poor and…

Avoid debt in the first place. But if you’re already in debt, it sometimes feels like you’re drowning, trying to stay afloat, and yet you don’t know how to get out of the turbulent waters you find yourself in. If you feel yourself being pulled under by the current of debt, there’s hope: by using…

The Sacred Law, as a plan for a whole way of life, deals with every facet of human existence. The traveller to Allah must scrupulously adhere to it in every aspect of his life if his journey is to be successful. With this key point in view, the guidelines given below should be observed by…