- The Qur'aan, as a matter of fact, prohibits what it terms as Ar-Riba. It is an Arabic term and many Muslim scholars believe that it is synonymous with Interest. They believe that the Qur'aan itself does not define the term. They therefore, by a general consensus among them, consider the term to mean Interest.
- Now by no stretch of imagination can the Qur'aanic verses on Ar-Riba be termed as allegorical. These verses contain specific instructions for mankind from its Creator. These have necessarily therefore to be part of the essence of the Book - clear and unambiguous.
- The Qur'aan, however, is claimed to be a Divine Book. It should, as such, be free from human errors and shortcomings. The Book itself, moreover, asserts that its essence lies in its clear, explicit and unambiguous verses. Such verses have been further explained variously therein to make them understandable to mankind. The other verses, which are allegorical in nature, are only informative, for example, of life after death, Paradise, Hell etc.
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