Verse and Translation
يَـٰٓأَيُّهَا ٱلَّذِينَ ءَامَنُواْ لَا تَأۡڪُلُواْ ٱلرِّبَوٰٓاْ أَضۡعَـٰفً۬ا مُّضَـٰعَفَةً۬ۖ وَٱتَّقُواْ ٱللَّهَ لَعَلَّكُمۡ تُفۡلِحُونَ (١٣٠)
“O you who have believed, do not consume usury, doubled and multiplied, but fear Allah that you may be successful.”
Commentary
The devouring of interest had created greed, avarice, parsimony and selfishness in those who took interest; hatred, anger, enmity and jealousy in those who had to pay it, and these moral evils contributed to some extent to the setback in the Battle of Uhd. Therefore Allah has condemned and prohibited interest and prescribed charity as an antidote to it. It is obvious that Paradise has been reserved for those who practise charity and spend money generously, and not for those greedy persons who practise money-lending on interest. [Maududi] (Please refer also to E. N. 320, Al-Baqarah.)