What does Islam Say About eating up Riba?

The word “Riba” is used in the Holy Quran 8 times. In 30:39,4:161,3:130, 2:276,2:278 and 3 times in 2:275. The Quran says

“Those who devour usury will not stand except as stand one whom the Evil one by his touch Hath driven to madness. That is because they say: "Trade is like usury," but Allah hath permitted trade and forbidden usury. Those who after receiving direction from their Lord, desist, shall be pardoned for the past; their case is for Allah (to judge); but those who repeat (The offence) are companions of the Fire: They will abide therein (for ever).” (Quran 2:275)

“O ye who believe! Devour not usury, doubled and multiplied; but fear Allah. that ye may (really) prosper.” (Quran 3:130)

“O ye who believe! Fear Allah, and give up what remains of your demand for usury, if ye are indeed believers. If ye do it not, Take notice of war from Allah and His Messenger. But if ye turn back, ye shall have your capital sums: Deal not unjustly, and ye shall not be dealt with unjustly.” (Quran 2:278-279)

“O ye who believe! Intoxicants and gambling, (dedication of) stones, and (divination by) arrows, are an abomination,- of Satan's handwork: eschew such (abomination), that ye may prosper.” (Quran 5:90)

Here the Quran says that intoxicants and gambling are Satan’s handiwork and abstain from it. In the case of Riba (Interest) the Quran does not only say that it’s a sin but it says that Allah (SWT) and his messenger Muhammad (pbuh) will wage a war against. Showing how grave this sin really is. Prophet Muhammad (pbuh) said :

Prophet Muhammad (pbuh) classified it among the seven major sins

"Volume 8, Book 82, Number 840:

Narrated Abu Huraira:

The Prophet said, "Avoid the seven great destructive sins." They (the people!) asked, "O Allah's Apostle! What are they?" He said, "To join partners in worship with Allah; to practice sorcery; to kill the life which Allah has forbidden except for a just cause (according to Islamic law); to eat up usury (Riba), to eat up the property of an orphan; to give one's back to the enemy and freeing from the battle-field at the time of fighting and to accuse chaste women who never even think of anything touching chastity and are good believers."

Some Muslims may argue that only the taking of interest is prohibited. But one Sahih Hadith says

“· Hazrat Jabir r.a. has reported that the Messenger of Allah cursed the devourer of usury, its payer, its scribe and its two witnesses. He also said that they were equal (in sin).” (Mishkat-ul-Masabih)

Though there are many hadith which condemn riba (interest) but these two are sufficient for now.

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Also, Prophet Muhammad {P.b.u.h} Said:Usury or Riba or Interest has Seventy Parts and one of the least is Doing Sin {zina} 72 times on the floor of Kaaba with One's Mother.

Narrated Abdullah ibn Mas'ud {R.A} : The Apostle of Allah (Peace_be_upon_him) cursed the one who accepted usury , the one who paid it, the witness to it, and the one who recorded it. (Book 22, Hadith Number 3327)

Al-Tirmidhi Hadith 2825 Narrated byAbdullah ibn Hanzalah {R.A} and Abdullah ibn Abbas {R.A} that Allah's Messenger (Peace be upon him) said,"A dirham which a man knowingly receives in usury is more serious than thirty-six acts of fornication."

Al-Tirmidhi Hadith 2826 Narrated byAbu Hurrairah {R.A} that Allah's Messenger (Peace be upon him) said, "Usury has seventy parts, the least important being that a man should marry his mother."