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Riba

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English: interest

Definition: An increase, addition, unjust return, or advantage obtained by the lender as a condition of a loan. Any risk-free or “guaranteed” rate of return on a loan or investment is riba. Riba in all its forms is prohibited in Islam.

In conventional terms, riba and “interest” are used interchangeably, although the legal notion extends beyond mere interest.

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Thursday, 20 Oct 2016 | Volume13.Issue43

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Thursday, 13 Oct 2016 | Volume13.Issue42

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Wednesday, 08 Jun 2016 | Volume13.Issue23

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Tuesday, 10 Nov 2015 | Volume12.Issue45

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Wednesday, 17 Jun 2015 | Volume12.Issue24

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