A misleading article titled Is bank Interest Riba or Not written by one journalist, Ali Abubakar Sadiq, went viral recently in which the writer tried to legitimize the devouring of bank interest. The author built his theory on the pretext that Muslims are economically backward because they have decided to shun interest. He claims that simple interest, and interest charged on productive/commercial loan are both not forbidden in the Sharī’ah. Reading his article presents him as someone who neither understands riba and its constituents, nor of the workings of modern…
Of Bank Interest and the Economic Misfortunes of Nigerian Muslims By Abdullahi Abubakar Lamido
