Why Riba is dangerous for you
As a woman managing your finances, have you ever wondered why riba (interest) is dangerous for you? Many may not realise that earning or paying interest has significant consequences, not just in this world but also in the hereafter. The topic of riba is often seen as difficult and intimidating, but understanding it is crucial—especially for women aiming to build financial independence that is both righteous and sustainable.
What is Riba?
Riba, in simple terms, refers to any guaranteed interest on a loan, whether earned or paid. It is clearly prohibited in Islam. Allah SWT says in the Quran:
“O you who have believed, fear Allah and give up what remains [due to you] of interest, if you should be believers. And if you do not, then be informed of a war [against you] from Allah and His Messenger.” — Surah Al-Baqarah (2:278-279)
This powerful verse highlights the danger of riba. Engaging in riba is similar to declaring war against Allah and His Messenger.
Why Riba is Dangerous for You
Many might assume that paying or receiving a little interest is harmless, especially since it’s common in today’s world. However, riba creates an unfair financial system where wealth is concentrated among a few, leaving those struggling in deeper debt. Here are some reasons why riba is dangerous for you:
1. Riba Causes Economic Oppression
Riba can trap individuals in a cycle of debt. When you take out a loan with interest, your debt grows over time, leading to financial stress and anxiety. Many women, especially single mothers or those facing economic hardships, may find themselves overwhelmed by debt due to riba.
2. Riba Causes Spiritual Harm
From an Islamic perspective, riba harms your financial well-being and your soul. It distances you from Allah SWT and hinders your spiritual growth. Women, as caretakers and role models, have a responsibility to ensure their financial dealings are ethical. By avoiding riba, you protect yourself and set a positive example for your family.
3. Riba Causes Barrier to True Wealth
Earning interest might seem like a way to grow your wealth, but riba creates a false sense of security. True wealth goes beyond bank account numbers—it involves blessings (barakah) in your earnings. Avoiding riba and engaging in ethical financial practices invites more barakah into your life, leading to true prosperity.
Why Must You Be Aware of Riba?
As women, you play a critical role in shaping your family’s financial decisions. Whether managing household budgets, planning for education, or preparing for retirement, understanding the dangers of riba is essential. By recognizing why riba is dangerous, you empower yourself to make financial decisions that align with your goals and spiritual beliefs.
Join our Women & Wealth Mastery
Let’s get your first step toward achieving true financial independence. At Women & Wealth Mastery, we offer practical strategies to manage your money, invest wisely, and avoid financial traps. Join us on Saturday, 28th September at The Bousteador, Mutiara Damansara, for a full day of insights into achieving financial independence for both this life and the hereafter.
Download our eBook for a fresh perspective on financial clarity and take control of your financial future. This is your opportunity to gain the knowledge and confidence needed to build a prosperous future for yourself and your family. It is time to not only protect your financial health but also uphold your values and principles, ensuring that your wealth is truly beneficial. Don’t miss this chance to gain the skills and insights needed to make informed, ethical financial decisions that will benefit you and your loved ones both now and in the future.
