Investigating the suspicions of permissibility of productive loans

Pages: 346-350
Abdul Aziz Nomani (Department of Islamic Culture, Faculty of Islamic Studies Herat University, Herat, Afghanistan)
Said Jawid Hosaini (Department of Islamic Culture, Faculty of Islamic Studies Herat University, Herat, Afghanistan)

Productive lending is one of the most prosperous types of banking and financial institutions. Productive loans refer to loans that individuals or legal entities receive from banks to invest and economic growth in exchange for a certain percentage payment, thus it is while all Muslims know that usury is one of the most severe religious prohibitions and carries the heaviest ugly punishments of the Hereafter. Producers of productive loans, by raising some doubts, pretend to their customers that productive loans promoted by banks are a new phenomenon born of the Western civilization and do not include Muharram usury in religious texts. The purpose of this article is to investigate and find the correct and scientific answer to the doubts about the non-usury of productive loans. Applied research on the concept of usury in the Holy Quran shows that manufactured usury is included in the absolute concept of forbidden usury and there are no exceptions in the field and according to the authentic hadiths, the prohibition of usury in the sale and the multiplicity of usury are clear reasons for the illegality of productive usury. As historically the promotion of commercial usury in the famous civilizations of the world and at the same time with the revelation of the Holy Quran, we can reject the suspicion that the productive loans are new and have no historical reason. The results of the works on productive loans and the views of reputable jurisprudential societies are other clear reasons for the illegality of productive usury. Relying on the use of authoritative jurisprudential books of early and contemporary scholars and field questions is the method of this research.
Keywords: Usury, loan, depreciation, productive, bank.