What is Riba?

The word “Riba” means excess, increase or addition. According to shariah it is any excess compensation without due consideration. Example of Riba: If a man takes a loan from a bank and he pay back the loan to with a percentage increase over the principle amount. The Quran does not indicate any particular type of riba, but the Read more about What is Riba?[…]

Riba

Riba Overview: What is Riba? Forms of Riba Prohibition of Riba in Quran Prohibition of Riba in Hadith Types of Riba What is Riba? Riba is an Arabic word which is derived from the verb Raba, which means ‘to increase’, ‘to grow’, and ‘to exceed’. It can be translated as usury or interest. It refers Read more about Riba[…]