Tuesday, December 10, 2024

Usury - Bible vs Koran

"If you lend money to any of my people with you who is poor, you shall not be like a moneylender to him, and you shall not exact interest from him. (Exodus 22:25 ESV)

Do not charge a fellow Israelite interest, whether on money or food or anything else that may earn interest. You may charge a foreigner interest, but not a fellow Israelite, so that the LORD your God may bless you in everything you put your hand to in the land you are entering to possess. (Deuteronomy 23:19-20 NIV)

Note that the Bible forbids charging of interest for the poor and fellow Israelites. But the foreigner may be charged interest. Thus, banking is not a sin in the Bible. It is commercial and not charity. But the Quran seems to forbid all interest, banking or otherwise.

Allah will destroy Riba (usury) and will give increase for Sadaqat (deeds of charity, alms, etc.) And Allah likes not the disbelievers, sinners. (Quran 2:276 Mohsin Khan)

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