Hyderabad, February 04: Islam has banned taking intrest on the loans.Despite this, there are many Muslims who are trapped by the money lenders who charge exorbitant rates of intrest. 75% of petty businessmen are involved in the interest net of these money lenders.
They have borrowed loans at the rate of 20% to 30% interest.Whether they earn profit or pay fine or bribe to traffic police, they have to repay the amount at the end of the day. The tragic part of this foul business is that all the money lenders are
Muslims.
It is incomprehensible why these persons fall prey to those money lenders. A hawker in the Charminar area told that he begged everyone for borrowing money but nobody came forward for help.At last, he got Rs 20,000 from them.
Whether it is an onion seller or a rickshaw puller, when he reaches his house with his hard-earned money of the day, the money lenders come and take away money. There is a need for the philanthropists of the Muslim Ummah to come forward and save these poor people from this evil.
–Siasatnews