The Objectives of the Prohibition of Riba By: Elhadi Habbani

Upholding the Sanctity of ownership;

As we explained in section three that claiming increment or charge (interest) on loan after the ownership transferred to the borrower is considered as an unauthorized in infringement to the property of someone else, because loan transfer ownership and as result, the borrower becomes the owner of the money or, in other word, the "property", and therefore, he/she, as owner, he has exclusive authority on his property has full freedom to do what so ever he want by his/her property without any degree of infringement from anyone else. So one of the main objectives of prohibition of Riba is to protect and sustain this rule.

Disallowing debt trade and exchange;

Since debt is an abstract, and static assets that does not, by nature, has the capability to create increment or value, and has no real utility in real daily life of humankind, so it is not tradable. Trade, based on Shariah, must be only on real assets that have utility and real existence. So prohibition of Riba in relation to debt trade is to prevent the whole economy from the bad impact of unreal trade like debt trade and exchange

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