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Surah 3. Aal-Imran
Ayah 130 - 136
130يَـٰٓأَيُّهَا ٱلَّذِينَ ءَامَنُوا۟ لَا تَأْكُلُوا۟ ٱلرِّبَوٰٓا۟ أَضْعَـٰفًا مُّضَـٰعَفَةً ۖ وَٱتَّقُوا۟ ٱللَّهَ لَعَلَّكُمْ تُفْلِحُونَ
131وَٱتَّقُوا۟ ٱلنَّارَ ٱلَّتِىٓ أُعِدَّتْ لِلْكَـٰفِرِينَ
132وَأَطِيعُوا۟ ٱللَّهَ وَٱلرَّسُولَ لَعَلَّكُمْ تُرْحَمُونَ
133وَسَارِعُوٓا۟ إِلَىٰ مَغْفِرَةٍ مِّن رَّبِّكُمْ وَجَنَّةٍ عَرْضُهَا ٱلسَّمَـٰوَٰتُ وَٱلْأَرْضُ أُعِدَّتْ لِلْمُتَّقِينَ
134ٱلَّذِينَ يُنفِقُونَ فِى ٱلسَّرَّآءِ وَٱلضَّرَّآءِ وَٱلْكَـٰظِمِينَ ٱلْغَيْظَ وَٱلْعَافِينَ عَنِ ٱلنَّاسِ ۗ وَٱللَّهُ يُحِبُّ ٱلْمُحْسِنِينَ
135وَٱلَّذِينَ إِذَا فَعَلُوا۟ فَـٰحِشَةً أَوْ ظَلَمُوٓا۟ أَنفُسَهُمْ ذَكَرُوا۟ ٱللَّهَ فَٱسْتَغْفَرُوا۟ لِذُنُوبِهِمْ وَمَن يَغْفِرُ ٱلذُّنُوبَ إِلَّا ٱللَّهُ وَلَمْ يُصِرُّوا۟ عَلَىٰ مَا فَعَلُوا۟ وَهُمْ يَعْلَمُونَ
136أُو۟لَـٰٓئِكَ جَزَآؤُهُم مَّغْفِرَةٌ مِّن رَّبِّهِمْ وَجَنَّـٰتٌ تَجْرِى مِن تَحْتِهَا ٱلْأَنْهَـٰرُ خَـٰلِدِينَ فِيهَا ۚ وَنِعْمَ أَجْرُ ٱلْعَـٰمِلِينَ
[130-136] O Believers, give up the devouring of interest by doubling and redoubling it,98 and fear Allah: it is expected that you will achieve (true) success. And guard yourselves against that Fire which has been prepared for the disbelievers, and obey Allah and His Messenger; it is expected that you will be shown mercy. Hasten to follow the path that leads to forgiveness from your Lord and to the Garden, which is as vast as the heavens and the earth and has been prepared for those pious people who spend their wealth freely in the way of Allah alike in prosperity and in adversity; who control their rage and forgive other people,-Allah likes such good people very much,99 -who, if ever they commit a base deed or wrong their own soul by the commission of a sin, remember Allah instantly and ask for forgiveness from Him for their shortcomings-for who, but Allah, can forgive sins?-who do not knowingly persist in the wrongs they did. These will be rewarded with forgiveness from Allah and with Gardens beneath which canals flow and they will reside therein for ever: and how excellent is the reward of those who do good deeds.
98The main cause of the setback at Uhd was the greed for wealth shown by the Muslims. They were so overpowered by the lust for booty, that, instead of pursuing their initial success to victory, they got engaged in looting the spoils. This is why the All-Wise Allah has struck at interest, the root cause of the evils and prohibited it. For it is a common experience that those who lend money on interest become so absorbed in it that day and night they think of nothing but increasing their un-earned profits and this naturally increases their greed for money.
99The 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. (Please refer also to E. N. 320, Al-Baqarah.)