Riba (Usury): Difference between revisions

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 [[Category:Islamic economics]]
-'''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>
+'''Riba''' (ربا; lit. "increase") is a financial concept from pre-Islamic times adopted by [[Shari'ah (Islamic Law)|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.<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> Nonetheless, Riba is mentioned and prohibited in grave terms by the Quran several times.
 ==In scripture==