Riba is not Permitted, Because Allah did not Permit it!

The answer to this portion of Dr. Ibrahim's research,
is that the Faqihs, i.e., the scholars who have knowledge in
the religion, have considered usury `Haram (impermissible)
because [various versus of the Quran and] authentic
Hadiths of the Prophet, salla allahu `alaihi wa-sallam,
rendered it `Haram. Surely, there are several authentic
Hadiths that clearly state that any loan that incurs interest,
even if the interest was minute, is `Haram (impermissible).
Yet, this writer, Ibrahim, may Allah guide him back to the
True Path, chose to ignore all these Hadiths and only
discusses the Texts in the Quran on this subject, which are
general in meaning. He tried to restrict the impermissible
Riba to only one type that involves lending money to a
needy person with interest. As for the other types of Riba,
he tried to classify them under the `Halal (allowed)
transactions, claiming that people need these types of
dealings in the present time! He also claims that in present
times, both financial institutions and mankind need Riba
transactions to fulfill their needs and to succeed in their
businesses12.