Reba
Issue No. 1766- Usury is haraam, and it is of two kinds: 1 – usury in loan that will be explained, God willing, in the section dealing with loans, 2 – usury in transaction, and it means a quantity of a commodity sold by weight or measurement at a higher rate against the same commodity, like, selling 3 kgs of wheat for 3 1/2 kgs of wheat. In Islamic narrations, usury has been reproached a great deal; taking or giving usury is considered to be one of the major sins.
