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Understanding The Quranic Concept of Riba, Fiat Currency and Islamic Banking. Scam of the Century Unveiled



Presenting incomplete Qur’anic injunctions is woefully misleading, deliberately omitting information is tantamount to lying، a great sin. There is a famous saying that; a half truth is often a full lie. Allah says:

O People of the Book!  why do you confuse the truth with falsehood and conceal the truth while you know [it]? (3:71)

“So do you believe in part of the Scripture and disbelieve in part? Then what is the recompense for those who do that among you except disgrace in worldly life; and on the Day of Resurrection they will be sent back to the severest of punishment. And Allah is not unaware of what you do. (Qur’an 2:85).

Let’s take an example:

یٰۤاَیُّہَا الَّذِیۡنَ اٰمَنُوۡا ( O people who have believed), لَاتَقۡرَبُوا الصَّلٰوۃَ  (do not approach the prayer) وَاَنۡتُمۡ سُکٰرٰی (while you are drunk) [Quran:4:43 ]

In this verse if the last part (وَاَنۡتُمۡ سُکٰرٰی) “while you are drunk” is not presented, it will read:

” O people who have believed (یٰۤاَیُّہَا الَّذِیۡنَ اٰمَنُوۡا) do not approach the prayer (, لَاتَقۡرَبُوا الصَّلٰوۃَ).”

The whole meanings have changed, Salah (prayer), the fundamental pillar of Islam has been negated through hiding, twisting part of verse.  If the whole truth is not told, then people can be  as if you were lying to them out rightly. Therefore “Scam of the Century is Unveiled” here. Following two frequently quoted Quranic verses tell the whole truth about prohibition of Riba (usury) and its implication for the obedient servant, both aspects are equally important and both have to be implemented in later and spirit, which is the Theme of this Research:

يَا أَيُّهَا الَّذِينَ آمَنُوا اتَّقُوا اللَّهَ وَذَرُوا مَا بَقِيَ مِنَ الرِّبَا إِن كُنتُم مُّؤْمِنِينَ ‎﴿٢٧٨﴾‏ فَإِن لَّمْ تَفْعَلُوا فَأْذَنُوا بِحَرْبٍ مِّنَ اللَّهِ وَرَسُولِهِ ۖ وَإِن تُبْتُمْ فَلَكُمْ رُءُوسُ أَمْوَالِكُمْ لَا تَظْلِمُونَ وَلَا تُظْلَمُونَ ‎﴿٢٧٩﴾

“O you who believe! Be careful of (your duty to) Allah and relinquish what remains (due) from Riba (usury), if you are believers. (278,) But if you do (it) not, then be apprised of war from Allah and His Apostle; and if you desist,  repent, then you shall have your capital; neither shall you make (the debtor) suffer loss ( by asking for more) nor shall you be made to suffer loss (through decrease in value of your capital)”(Quran 2;279)

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