Upon a request from a colleague in STC, my father informed about a poor person, who had fallen ill and to bear his medical expenditure, he had to take a debt of Rs 30,000 on a monthly interest rate of 10%. He was now paying the interest of Rs 3,000 per month but was unable to pay back his original debt.
Interest on debt is strictly prohibited in Islam but some unfortunate, use it as a mode of business and take advantage of people in need. I have been told about some cases where people kept on paying the monthly interest all their lives but still, they were not able to pay back their original debts, even when the total amount they paid back as interest exceeded the double/triple of the original debt.
My colleague took the initiative and paid the complete debt of Rs 30,000. The person was extremely happy, he said he couldn’t have paid back this debt in his lifetime. JazakAllah khair for your contributions.