""The Crisis Has Taught Us That the Interest System Is Wrong""
These words were spoken by Jürgen Rüttgers, prime minister of the state of North Rhine-Westphalia at the opening of the Central Mosque in Germany. Rüttgers"s statement that, “We need more mosques where everyone can see them” attracted everyone’s attention. Rüttgers also stated that they had realized the error of the interest system, banned in Islam, with the outbreak of the economic crisis.
Allah tells us the interest is a sin in verse 275 of Sura al-Baqara:
“...But Allah has permitted trade and He has forbidden interest. Whoever is given a warning by his Lord and then desists, can keep what he received in the past and his affair is Allah’s concern. But all who return to it will be the Companions of the Fire, remaining in it timelessly, for ever.” (Sura al-Baqara, 275)