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Riba (Usury): Difference between revisions
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[[Category:Islamic economics]] | [[Category:Islamic economics]] | ||
'''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 | '''Riba''' (ربا; lit. "increase") is a financial concept adapted by [[Shari'ah (Islamic Law)|Islamic law]] similar to usurious interest whose specific nature and modern application is widely contested by Islamic scholars and not clearly delineated in Islamic [[scriptures]], 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.<ref name=":0">{{Citation|title=Encyclopaedia of Islam|publisher=E.J. Brill|volume=8 NED-SAM|editor1=C.E. Bosworth|editor2=E. van Donzel|editor3=W.P. Heinrichs|editor4=G. Lecomte|edition=New Edition [2nd]|location=Leiden|chapter=Riba|pages=491-493|publication-date=1995|isbn=90 04 09834 8}}</ref> | ||
== In scripture == | ==In scripture== | ||
=== In the Quran === | ===In the Quran=== | ||
=== In the hadith === | ===In the hadith=== | ||
== References == | ==References== | ||
<references /> | |||