I.R.E QUESTIONS AND ANSWERS

Explain why Riba is prohibited In Islam

26/3/2021

It is a form of exploitation/leads to misappropriation of other people’s property without giving anything in return.
It prevents people from working to earn money lawfully.
It widens the economic gap between the rich and the poor/the haves and the have- nots.
It leads to inequality between the rich nations and poor nations
It encourages speculation which may lead to gambling
It keeps individuals and countries in a vicious cycle of poverty
Creates bad blood between the leader and the borrower/may lead to suspicion,mistrust, resentment and hatred between the lender and the borrower
May cause suffering/hardship to the borrower and his/her family
May lead to corruption as the borrower strives to pay off

10/3/2021

Effects of riba on the Muslims

Leads to exploitation and misappropriation of other people’s property without giving anything in return, hence they lose a lot.
People become lazy, they do not work to earn lawfully but depend on easy gains.
Widens the gap between rich and poor hence creates hatred and disunity in the society.
Causes suffering and hardships especially to those who borrow money on interest and are unable to pay back.
Causes corruption in the society when the borrower strives to look for all ways possible to pay back.
Creates suspicion and resentment between lender and borrower especially if the borrower is unable to pay back what he has borrowed, because of the heavy interest charges.
Inequality between the rich and the poor as the rich will continue gaining and the poor will continue suffering.
Creates poverty in the society as a person who takes a loan with interest spends almost the whole of his life paying back instead of investing.
A society that thrives in riba activities cannot prosper and is devoid of Allah’s blessings.

5/3/2021

Why Riba is prohibited in Islam

It is a form of exploitation/leads to misappropriation of other people’s property without giving anything in return.
It prevents people from working to earn money lawfully.
It widens the economic gap between the rich and the poor/the haves and the have-nots.
It leads to inequality between the rich nations and poor nations.
It encourages speculation which may lead to gambling.
It keeps individuals and countries in a vicious cycle of poverty.
Creates bad blood between the lender and the borrower/may lead to suspicion, mistrust, resentment and hatred between the lender and the borrower.
May cause suffering/hardship to the borrower and his/her family.
May lead to corruption as the borrower strives to pay off/looks for ways and means of paying off.

(8 x 1 = 8 marks)

0 Comments