Riba

Riba is the Arabic term for interest , the charging of which is forbidden by the Qur'an here, among other places: That they took riba (usury), through they were forbidden and that they devoured men’s substance wrongfully – We have prepared for those among men who reject faith a grievous punishment.

There are two types of riba discussed by Islamic jurists: that prohibited by the Qur'an (an increase in capital without any services provided), and that prohibited in the Sunnah (comprising commodity exchanges in unequal quantities).

Use for "other uses" hatnotes. Political Islamic leadership Caliphate Majlis-ash-Shura Imamate Wilayat al-faqih Bay'ah Dhimmi Aman Family Criminal Etiquette Adab Gender segregation ( Purdah ) Mahram Honorifics Toilet Economic Hygiene Military Jihad Ghanimah Hudna Istijarah (asylum) Prisoners of war Social Haqq al-Nas ( The right(s) of the people ) Islamic studies v t e Riba ( ribā or al-ribā , ) can be roughly translated as " Usury ", or unjust, exploitive gains made in trade or business. Riba is mentioned and condemned in several different verses in the Qur'an ( 3:130 , 4:161 , 30:39 and perhaps most commonly in 2:275-280 ). It is also mentioned in many hadith . While Muslims agree that Riba is prohibited, there is disagreement over what it is, with many but not all scholars equated it with any interest charged on loans. There is also disagreement over whether it is a major sin and against sharia (Islamic law), or simply discouraged ( makruh ). Riba is also applied to a variety of commercial transactions. Most Islamic jurists describe two kinds of Riba : Riba an-nasiya : an excess ( riba ) charged for a loan in cash or kind. Riba al-Fadl : the simultaneous exchange of unequal quantities or qualities of a given commodity. Siddiqi, Mohammad Nejatullah (1 January 2004, (8 Zul-Qa'dah, 1424H)). Muslims have always agreed that Riba is prohibited. Islamic Finance: Law and Practice . Investment and Finance . 24 March 2013 .

Unjust, exploitative gains made in trade or business under Islamic law For other uses, see Riba (disambiguation) . Political Islamic leadership Caliphate Majlis-ash-Shura Imamate Wilayat al-faqih Bay'ah Dhimmi Aman Family Criminal Etiquette Adab Gender segregation ( Purdah ) Mahram Honorifics Toilet Economic Hygiene Military Jihad Ghanimah Hudna Istijarah (asylum) Prisoners of war Social Haqq al-Nas ( The right(s) of the people ) Islamic studies v t e Riba ( ribā or al-ribā , ) is an Arabic word that can be roughly translated as " usury ", or unjust, exploitative gains made in trade or business under Islamic law. Riba is mentioned and condemned in several different verses in the Qur'an ( 3:130 , 4:161 , 30:39 and perhaps most commonly in 2:275-2:280 ). It is also mentioned in many hadith (reports describing the words, actions, or habits of the Islamic prophet Muhammad ). While Muslims agree that riba is prohibited, not all agree on what precisely it is. It is often used as an Islamic term for interest charged on loans, and the belief this is based on — that there is a consensus among Muslims that all loan/bank interest is riba — forms the basis of a $2 trillion Islamic banking industry. However, not all scholars have equated riba with all forms of interest , or agree whether its use is a major sin or simply discouraged ( makruh ), or whether it is in violation of sharia (Islamic law) to be punished by humans rather than by Allah . There are two principal forms of riba . Most prevalent is the interest or other increase on a loan of cash, which is known as riba an-nasiya . Most Islamic jurists hold there is another type of riba , which is the simultaneous exchange of unequal quantities or qualities of a given commodity. This is known riba al-fadl . Muslims have always agreed that riba is prohibited. What constitutes riba has, however, been a subject evoking deliberation and debate over the centuries that followed divine revelation. Investment and Finance . 24 March 2013 . Islamic Finance: Law and Practice . There are <ref group=Note> tags on this page, but the references will not show without a template (see the help page ).

Part of Islamic law For other uses, see Riba (disambiguation) . Political Islamic leadership Caliphate Majlis-ash-Shura Imamate Wilayat al-faqih Bay'ah Dhimmi Aman Family Criminal Etiquette Adab Gender segregation ( Purdah ) Mahram Honorifics Toilet Economic Hygiene Military Jihad Ghanimah Hudna Istijarah (asylum) Prisoners of war Social Haqq al-Nas ( The right(s) of the people ) Islamic studies v t e Riba ( Arabic : ربا ,الربا، الربٰوة , ribā or al-ribā , IPA: [ˈrɪbæː] ) is an Arabic word used in Islamic law and roughly translated as " usury ": unjust, exploitative gains made in trade or business. Riba is mentioned and condemned in several different verses in the Qur'an ( 3:130 , 4:161 , 30:39 , and most commonly 2:275-2:280 ). It is also mentioned in many hadith (reports of the life of Muhammad ). While Muslims agree that riba is prohibited, not all agree on what precisely it is. It is often used to refer to interest charged on loans, and the widespread belief among Muslims that all loan or bank interest is riba forms the basis of the $2 trillion Islamic banking industry. However, not all Islamic scholars have equated riba with all forms of interest, nor do they agree on whether riba is a major sin or simply discouraged ( makruh ), or whether it is in violation of Sharia law to be punished by humans rather than by God . The primary form of riba is the interest or other increase on a loan of cash, known as riba an-nasiya . Most Islamic jurists acknowledge another type of riba , the simultaneous exchange of unequal quantities or qualities of some commodity, known riba al-fadl . Muslims have always agreed that riba is prohibited. What constitutes riba has, however, been a subject evoking deliberation and debate over the centuries that followed divine revelation. Investment and Finance . 24 March 2013 . Islamic Finance: Law and Practice . There are <ref group=Note> tags on this page, but the references will not show without a template (see the help page ).