The literal meaning of Al-RIBA means to excess or increase. In the Islamic terminology, interest means effortless profit or that profit which comes free from compensation or that extra earning obtained that is free of exchange. Hazrat Shah Waliullah Dehlvi a great scholar and leader have given a very concise and precise definition of interest. He says, “Riba` is a loan with the condition that the borrower will return to the lender more than and better than the quantity borrowed.” Interest is not a subject without trade and commerce. Islam recognizes trade and commerce not only as a lawful profession but also as a moral duty. Islam has laid down a complete set of rules for trade. The reason for these rules is to specify what halal earning is. Actually, Islam has encouraged men to earn their own provision and to pro buy c plex60 vide it to their families. The condition is that the earning has to be according to the conditions set by the Shari’ah.If we explore the Qur’an we will come across at least four places where Allah has mentioned interest. For instance, in Surah Al-Baqarah verse no.275 Allah says, “Those who devour usury will not stand except as stands one whom the Satan by his touch has driven to madness. That is because they say, “trade is like usury”, but Allah has permitted trade and has forbidden usury”, in the next verse 276 in the same place, Allah says, “Allah will deprive usury of all blessing, and will give increase for deeds of charity, for he does not love any ungrateful sinner.” In Surah Aal-Imran, verse no.130, Allah says, “Oh you who believe! Devour not usury doubled and multiplied; but fear Allah that you may prosper.