Riba
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Riba is the (Arabic: ربا) term for usury, the charging of interest, which is forbidden by the Qur'an. For example, Sura Ar-Rum (30:39) states:
- And that which you give in gift (loan) (to others), in order that it may increase (your wealth by expecting to get a better one in return) from other people’s property, has no increase with Allâh; but that which you give in Zakât (sadaqa - charity etc.) seeking Allâh’s Countenance, then those, they shall have manifold increase.
And Sura An-Nisa(4:161):
- That they took riba (usury), though they were forbidden and that they devoured men’s substance wrongfully – We have prepared for those among men who reject faith a grievous punishment.
It is also forbidden in the The Farewell Sermon.
[edit] See also
[edit] External links
- Toward Defining and Understanding Riba by Dr. Mohammad Omar Farooq
- Exclusive on the subject of Riba (ar-Riba, usury, interest), answering Why Riba was prohibited? and The definition of Riba.
- Riba, Interest and Six Hadiths: Do We Have a Definition or a Conundrum? by Dr. Mohammad Omar Farooq
- The Riba-Interest Equation and Islam: Reexamination of the Traditional Arguments by Dr. Mohammad Omar Farooq
- Why does Islam prohibit interest (Riba)?
- Riba and Interest: Definitions and Implications.
- Interest is Halal?
Riba is also the Russian, Bosnian, and Slovene word for "fish".