UNRIBA is a youth-orientated Muslim campaign towards creating awareness regarding the harms, spiritual and otherwise, of the riba-based current monetary and financial system, and realizing reforms to neutralize, reduce or avoid riba and its effects.
Riba is loosely translated from the original Arabic as ‘Usury’ and is often used to describe the loaning of money on interest. It is a term found in the Quran and Sunnah of the Prophet Muhammad (pbuh) and has been repeatedly condemned as a major sin and evil.
While loaning on interest does qualify as Riba, riba also has many other different forms. As per the hadith of the Prophet Muhammad (pbuh):
“Riba has 70 segments”
(Ibn e Majah 2265)
UNRIBA is a grassroots campaign focused on reform against riba on an individual and community level. The source of the prohibition against riba is found in the Islamic teachings of the Quran and Sunnah.
While the organisers and volunteers of UNRIBA are mainly Muslim, we do not uphold or promote any specific religious sect or political ideology, nor do we seek confrontation with any government or state. Our approach is non-sectarian and inclusive of all those concerned with the same issue.
“Those who practise Riba (usury) will not rise from the grave except as someone driven mad by Shaytan’s touch. That is because they say, ‘Trade is the same as usury.’ But Allah has permitted trade and He has forbidden Riba. Whoever is given a warning by his Lord and then desists, may keep what he received in the past and his affair is Allah’s concern. But all who return to it will be the Companions of the Fire, remaining in it timelessly, for ever.
Allah obliterates Riba but makes sadaqa grow in value! Allah does not love any persistently ungrateful wrongdoer.
Those who have iman and do right actions and establish salat and pay zakat, will have their reward with their Lord. They will feel no fear andwill know no sorrow.
You who have iman! have taqwa of Allah and forgo any remaining Riba if you are muminun.
If you do not, know that it means war from Allah and His Messenger. But if you make tawba you may have your capital, without wronging and without being wronged.
If someone is in difficult circumstances, there should be a deferral until things are easier. But making a free gift of it would be better for you if you only knew.
Have fear of a Day when you will be returned to Allah. Then every self will be paid in full for what it earned. They will not be wronged”
“O those who believe do not consume Riba doubled and redoubled.”
[The holy Quran, surah Al-i-‘Imran 3:130]