The Relationship of Islam to the Advancement of Human Society and its Happiness Public speaking

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And you know that wealth is the equivalent of the soul; indeed, many people have sacrificed their souls for their wealth: The result of usury is one of two things: either the creditor takes the principal along with a profit that does not exceed the principal, which happens when the debtor hastens repayment; or the creditor takes the principal along with multiples of the profit. «یأیّها الّذین‌ آمنوا لا تأکلوا الرّبا أضعافا مضاعفة،و اتقوا اللّه لعلکم تفلحون» And some people erred in understanding this verse, even after knowing that the verse was revealed regarding the usury of delay (Riba al-Jahiliyyah) that the Arabs practiced during the time of the revelation of the Quran. They erred in understanding it even after this, claiming that usury is not prohibited until the interest becomes multiples from the time of borrowing... Rather, what is intended is the vilification of such a transaction by explaining its consequence, so that the creditor refrains from it to avoid oppressing his brother, and the debtor refrains from it out of concern for what he possesses and to preserve those he supports, so as not to expose them to humiliation and the misery of need: Thus, the result of usury in any case is one party taking the money of another without compensation—and how precious wealth is to souls. Allah the Almighty has spoken the truth «بمحق اللّه الربا و یربی الصدقات» *** Here, some people might say that following Islam on this principle destroys a pillar of civilization and paralyzes economic movement in all its branches, causing us to fall behind civilized nations, so we would never reach the level of civilization and progress they have attained.