However, this Hadith makes apparent that though fornication is a major sin and completely against the conduct of Islam, interest eating is much worse, immaterial how little it is, even if it is equals to just one Dirham. THE WORD 'Riba' is an indefinite noun which has a general meaning i.e. every kind of interest is abolished. This is exactly what is meant by the verse 'Allah permiteth trading and forbiddeth usury'. The effort to legalise interest today is not a new one. Their initial claim was 'usury is like trade' but they deliberately reversed the sentence to strengthen their claim.
Interest is similar to trade.
Allah, most High exposes these distorts of this truth by quoting their own words and replying to them that they are destined for punishment for their distorted claims. The legalisation of interest will have detrimental results and effects on the entire society. Basically, the poor sink deeper into poverty and the wealthy hold a monopoly over the wealth. Divine power does not allow this monopoly for long, and eventually the poor will take revenge on the rich by means of what is termed today as a revolution. After him the Khalifas and Imaams of Islamic laws termed it absolutely Haraam without an atom of doubt.