Yes in Islam, usury is known as riba and is forbidden. An interesting study is to look into how much the "War on Terror" is in fact the expansion of the usurious central banking system into Muslim countries through British and US military power.
The NIV translates usury as "excessive interest" which helps to keep open the legal loophole that bankers have got through since the Medici Pope Leo X. They will have less chance of squeezing through the eye of the needle though.
