* Detrimental Effects of Ribaa on the Individual and Society:
#Islam has strictly forbidden ribaa due to the great deal of harm it is bound to inflict on both the individual and society. Such detrimental effects include the following:
3) It dissuades investors from investing in domestic beneficial projects :
Lured by the interest gains the usurious system allows investors to derive from their capital, they desist from investing their capital in domestic industrial, agricultural and commercial projects, no matter how beneficial such projects may be to society, as they believe these projects involve some risk and require a great deal of effort.
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