Mar 6, 2025 · Riba, or interest, is banned in Islamic finance, although it is acceptable to sell goods or loan money at a profit markup. Riba is forbidden under Sharia law (Islamic religious law) because it...

Aug 4, 2014 · It is permissible for a person to deal with someone who deals with riba, but his interactions with him are done in a sound manner. For example, it is permissible to buy goods from this man who deals in riba, and it is permissible to borrow money from him, and there is nothing wrong with that.

Riba (Arabic: ربا ,الربا، الربٰوة, ribā or al-ribā, IPA: [ˈrɪbæː]) is an Arabic word used in Islamic law and roughly translated as "usury": unjust, exploitative gains made in trade or business. Riba is mentioned and condemned in several different verses in the Qur'an (3:130, 4:161, 30:39, and most commonly 2:275-2:280). [1] .

Apr 5, 2025 · The question of whether bank interest constitutes Riba and is therefore haram (forbidden) in Islam is a matter of near-unanimous consensus among classical and contemporary Islamic scholars. Despite some modernistic voices attempting to differentiate between pre-Islamic usury and modern banking practices, the overwhelming majority view bank ...

Oct 5, 2007 · Is riba permissible in Islam? Riba is forbidden according to the Quran and Sunnah, and definitive scholarly consensus. Whoever regards it as permissible is a kafir, because the basic principle is that whoever rejects something on …

Jan 10, 2013 · 1- Riba means an increase in a particular item. 2- Riba originated among the people of the Jahiliyyah 3- If money is deposited in a riba-based bank, then taking the interest is haram and it is not permissible to consume it.

Apr 8, 2022 · In the Shari‘ah, or Divine Way of Islam, riba is the name Allah gave in the Quran to any increase of a debt or a loan until its repayment. It is equal to the financial terms ‘interest’ or ‘usury’ in English, with no distinction between these two words and riba.

Feb 8, 2023 · Interest (riba) is considered haram in Islam because it goes against the principles of fairness, justice, and mutual cooperation that are at the heart of the Islamic faith.

Definition of Riba (interest / Usury) in Islam, harms of riba, and consequences of engaging in riba from the Quran & Sunnah!

As for riba, it is one of the gravest sins and is severely punishable by Almighty Allah in this world and in the Hereafter. Contemplating the wisdom of prohibiting riba, we find that it brings about harm on many levels; it negatively affects one’s faith and has also harmful effects on moral, economic, political,, and social levels.