Q:
What is the legal ruling regarding a scholar who permits Riba (usury) saying: "Like any forbidden matter, Riba may be permitted in case of necessity?"
If he repents, should we accept his views thereafter?
A:
All Praise is due to Allah Alone and peace and blessings be upon His Messenger, his family, and Companions.
To commence:
According to the Qur'an, the Sunnah, and Ijma` (consensus), Riba is unlawful. If this Shaykh retracts his statement and repents to Allah, then the gate of repentance is open and Allah accepts whoever turns to Him sincerely. Afterwards, there is no harm to act upon his correct views.May Allah grant us success. May peace and blessings be upon our Prophet Muhammad, his family, and Companions.