13. It is not permissible for one to get involved in interest bearing transactions. Giving and taking interest are both haraam in Islam.

وَأَحَلَّ اللهُ الْبَيْعَ وَحَرَّمَ الرِّبٰوا

And Allah has permitted trade and prohibited riba – interest. ^[1]

الَّذِيْنَ يَأْكُلُوْنَ الرِّبٰوا لَا يَقُومُوْنَ إِلَّا كَمَا يَقُوْمُ الَّذِيْ يَتَخَبَّطُهُ الشَّيْطٰنُ مِنَ الْمَسِّ

Those who consume interest will rise (on the Day of Qiyaamah) like the one who has been afflicted by the evil touch of Shaitaan. ^[2]

فَإِنْ لَّمْ تَفْعَلُوْا فَأْذَنُوْا بِحَرْبٍ مِّنَ اللهِ وَرَسُوْلِهِ

“If you do not do so (desist from dealing in interest) then be prepared to wage war against Allah and His Rasul (sallallahu ‘alaihi wasallam).” ^[3]