* 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:
4) It deprives wealth of all blessing and leads to economic crises :
All economic crises undergone by financial institutions and individuals alike are, in the main, caused by persistence in engaging in usurious transactions and are some of the reasons why such transactions are deprived of all blessing, as opposed to charitable deeds which are bound to bless wealth and increase it.
As the Qur’an states, “Allah deprives usurious gains of all blessing, whereas He blesses charitable deeds with manifold increase.” (Soorat Al-Baqarah, 2: 276)
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