Riba (Usury)
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Riba (ربا; lit. "increase") is a financial concept from pre-Islamic times adopted by Islamic law which is similar to usurious interest. Despite generally being understood by common Muslims as referring to any form of interest whatsoever, the exact nature of Riba is not clearly outlined in Islamic scriptures and is thus widely debated among traditional Islamic scholars.[1] Nonetheless, Riba is mentioned and prohibited in grave terms by the Quran several times.
In scripture
In the Quran
In the hadith
References
- ↑ C.E. Bosworth; E. van Donzel; W.P. Heinrichs et al., eds, (1995), "Riba", Encyclopaedia of Islam, 8 NED-SAM (New Edition [2nd] ed.), Leiden: E.J. Brill, pp. 491-493, ISBN 90 04 09834 8, 1995