Salaam to all the sisters and brothers. I hope you all are good and being a source of peace for others.
Usury or Interest is a curse I will say for the business and trades. Islam has prohibited it since almost 15 hundred years ago by some strong orders in Quran e pak and sayings of Holy Prophet SAW. It is also prohibited in Bible.
It is prohibited due to following points :-
1- Usurer takes extra money without giving anything like food items,utensils anything which is normally bought.and it is clearly injustice.
2-Interest destroy the trade because the usurer takes that money without any hard work which is more easier than the hardships of business.and less business always leads to destruction individually as well as a whole nation.
3-Usury decrease the spirit to help people in the usurer's mind by giving good loan(not to return).
4-Usury makes a person ruthless and usurer wants the borrower to get financially weak so that the time span increases and he can demand more.
Difference b/w Business and Interest.
Business is a risk that there can be loss or gain which makes a person brave. On the other hand interest makes a person tyrant in financial way.
Business demands hardwork but usury promotes laziness.
Businessman wants his client to be financially well , on the other hand condition is reverse.
These were some points. I hope you all understand and will support it.
Stay Safe . Thanks. Allah Hafiz.