The Practical Islamic Finance Podcast

The Secret Wisdom Behind the Prohibition of Riba (interest) in Islam

Rakaan Kayali

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The Secret Wisdom Behind the Prohibition of Riba (interest) in Islam

It's important to understand the wisdom behind the prohibition of Riba in Islam. Here are 10 reasons why Riba is prohibited in Islam:

1- It's an unfair agreement
2- Economic Inequality
3- Social Harmony
4- Money is directed to the most promising projects first
5- Emancipating the Slaves
6- Moral and Ethical Development
7- Discourages Speculative Bubbles 
8- Encourages Savings and Investments 
9- Promotes Transparency and Honesty
10- Economic Stability

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