[quote="raiazlan, post: 364293"]You will not attain virtue unless you expend of what you love. (3:82)
Usury Prohibited
Any increase in borrowed money merely with the passage of time is usury, and is prohibited so emphatically that the Quern declares war against the usurers. It asks Muslims to forgo the balance of interest if they are Believers. Money is a measure and it must stay as such; money should not be used to breed money.
Those who devour usury stand not but like the one whom Devil has confounded by touch; this is because they say, ‘trade is only like usury.’ But God has permitted trade and forbidden usury --- God blots out usury but adds to the offerings --- O Believers, fear God and give up the remaining usury, if you are Believers. And if you do not, take notice of war with God and His Messenger; and if you repent, then you shall have your principal, neither you do wrong nor be wronged. And if he is in difficulties, respite him till ease. (2:275-280)
The reasons are important. Here, money flows to the rich, as the needy borrow and pay the interest. Again, the earnings are without effort on the part of the usurer; he gets money merely by means of previous holdings. Further, it disturbs the coin as a measure. The price of the commodities when interest is added to it is raised without raising their value. Thus, in a system where usury prevails, prices are ever- rising and value of coin ever-falling, affecting reserves, savings and fixed incomes adversely. The interest thus eats itself away through devaluation of money.
Muslim rulers are required to eradicate usury from the whole world and install an economic system free from it. At present, thanks to this system, the whole world is in the grip of jews.
I found an article relating to this ..
Worst of financial crisis yet to come: IMF chief economist
23 Nov 2008, 0913 hrs IST, AFP- Times of India
ZURICH: The IMF's chief economist has warned that the global financial crisis
is set to worsen and that the situation will not improve until
2010.
Olivier Blanchard also warned that the institution does not have the funds to solve every economic problem.
"The worst is yet to come," Blanchard said in an interview with the Finanz und Wirtschaft newspaper on Saturday, adding that "a lot of time is needed before the situation becomes normal."
He said economic growth would not kick in until 2010 and it will take another year before the global financial situation became normal again.
The International Monetary Fund on Friday promised to help Latvia deal with its economic crisis after it assisted Iceland, Hungary, Ukraine, Serbia and Pakistan.
But Blanchard said the IMF was not able to solve all financial issues, in particular problems of liquidity.
Withdrawals of capital leading to problems of liquidity "can be so significant that the IMF alone cannot counter them," he said, adding that massive withdrawals of investments from emerging countries could represent "hundreds of billions of dollars.
"We do not have this money. We never had it," he said. The IMF had spent a fifth of its 250 billion dollar fund in the last two weeks, Blanchard added. He also urged central banks around the world to cut interest rates, after the Swiss National Bank made a surprise one percentage point rate cut on Thursday.
The central banks "should lower interest rates to as close to zero as possible"
The central banks "should lower interest rates to as close to zero as possible" this statement says the whole story... y Islam prohibits interest!