Write 12 pages with APA style on Islamic Banking and the Financial Crisis. The following verses of the Quran illustrate Islamic prohibitions on riba or usury: “And for practicing usury, which was forbidden, and for consuming the people’s money illicitly, We have prepared for the disbelievers among them painful retribution.” Al-Nisa 4:161 “Those who charge usury are in the same position as those controlled by the devil’s influence. This is because they claim that usury is the same as commerce. However, God permits commerce and prohibits usury.” Al-Baqarah 2:275 “The usury that is practiced to increase some people’s wealth does not gain anything at God.
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