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Islam is not a mere set of worships but it leaves no stone unturned to guide its followers regarding the social conduct be it politico-legal, socio-cultural or economic etc to name a few. The interest-based transactions have been categorically rendered impermissible and unlawful by virtue of Quranic injunctions and authentic ahadith. In this article the issue of interest based transactions – Muslim to Muslim, Muslim to non-Muslim and vice versa, a Muslim resident of a non-Muslim state and a Muslim non-resident of a non-Muslim state – has been discussed in detail in the light of Quran, hadith and juristic rulings of the eminent Islamic scholars including the great four imams.
حسان اشرف عثمانی. (2016) الربافی بلاد غیرالمسلمة: دراسة فقهیة مقارنة, Bannu University Research Journal in Islamic Studies, Volume 3, Issue 2.
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