It is Fardh to abstain from interest

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In the Qur’aan, Allaah instructs the people of Imaan not to consume interest.

[Surah Aal Imraan, verse 130]

It is a grave sin to consume interest, pay it and to use the proceeds in any way because the Qur’aan and the Ahadeeth have sounded grave warnings of punishment for all of this. It is therefore Fardh (obligatory) for every Muslim to abstain from interest in every way.

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