Riba has cautioned that interest caused reduction in money whereas charities naturally increased its bulk and also that interest- seeking money-lenders
were in fact indulged in a direct war against Allah Almighty.
He said desperation at one time had forced him to pledge not only his passport but also those of his wife and daughter to money-lenders
. "The interest on the loans I had taken only grew by the day and I had no way of repaying them as I was jobless and did not have a visa for 10 years.
Richard Copsey, defending, said Chambers, who had run up pounds 80,000 credit before turning to the money-lenders
, had been too ashamed to even tell her family of her downfall.
Brian "The judge said it was 'deliberate, blatant, systematic and sustained intimidation'." Mr Twigg added: "In the current climate, more has to be done to protect vulnerable people from evil money-lenders
They have been in bed with the big time money-lenders
in the banks for years.
He also confirmed a number of arson attacks and bombings that took place were often related to money-lenders
The source-wise amount and percentage of loans taken by the households falling on different holding groups have been presented in Table-3 which clearly indicates that the main sources of borrowings are: banks, co-operative societies, Government schemes under the Poverty Alleviation Programmes, village money-lenders
, friends and relatives.
Out of fear of being chased by money lenders, a number of Indian workers continued to stay illegally in the UAE.Aa One illegal worker who is based in Sharjah, recently told 7DAYS: "I owe more than dhs10,000 to the money-lenders
. If I go back home, I won't have any option except ending my life."
Whole communities suffer because of the heavy-handed tactics of money-lenders
who make irresponsible loans at unfair rates of interest.
Otherwise, they had to turn to local money-lenders
who charged high interest rates.
And they have more than 30 other illegal money-lenders
all over Scotland in their sights in the run-up to Christmas.
The trouble is, the monetary system is daft, and the world has become a money-lenders