Saturday, 18 April 2026 (1 Dhuʻl-Qiʻdah 1447 AH)
Question: If the pledgee stipulates upon the pledger that he (the pledgee) will benefit from the pledged property until he is paid what he is owed from the debt—does that stipulation stand?
Answer—and Allah is the One who grants success: That does not stand and is not permissible; for it is a loan that brings a benefit, and that is ribā. They have said: every loan that brings a benefit is ribā, and what they said is correct. Allah Most High said: “Allah has permitted trade and forbidden usury.” [al-Baqarah:275] This verse was revealed among several at the end of Sūrat al-Baqarah clarifying the prohibition of ribā by which the people of Jāhiliyyah used to transact—namely, ribā al-nasīʾah (usury of deferred debts). They would take an increase upon the debt in return for granting time; Allah forbade that, then said: “But if you repent, you may have your principal—neither harming others, nor being harmed.” [al-Baqarah:279]
Source: Min Thimār al-ʿIlm wa al-Ḥikmah vol.2