Riba (Usury)
Riba (ربا; lit. "increase") is a financial concept adapted by Islamic law similar to usurious interest whose specific nature and modern application is widely contested by Islamic scholars, despite generally being understood by common Muslims as meaning any form of interest whatsoever. Riba is mentioned and prohibited by the Quran in grave terms several times.[1]
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