The penalty for the crime of usurious lending in Iraqi and Egyptian law

Abstract

The issue of usury, which is currently widespread, is nothing but a deadly disease that is sweeping through societies, and works to prevent their happiness, as well as to work to cause their downfall and collapse. It is a phenomenon that is neither recent nor unexpected, but has been occurring since ancient times and has had the greatest impact on

In line with the principle that every disease has a cure, countries have developed a treatment for this deadly disease, some of which have religious characteristics, as specialized clerics worked to launch widespread campaigns against usury and those who deal with it, as they called for the necessity of satisfying human thought with religious instructions and foundations so that they can eliminate usury. Which fills their thoughts and concepts

As societies developed social, cultural and other relations, compromise solutions began to appear between permitting usury and criminalizing it categorically. These theories made it clear that taking interest as a result of usury would push the economy forward.

 These theories were widely welcomed by the people (usurers) and began to spread throughout the world. The country and people start working in it and are encouraged to do it. Because the law has the highest say and is binding and its word is heard in the end, whether the person wants it or not, legislation began to have its say regarding usury, so all countries began to deal with usury in their law.