1 of 5

Slide Notes

DownloadGo Live

Riba (usury)

Published on Dec 04, 2015

No Description

PRESENTATION OUTLINE

Riba (usury)

Surah Baqarah, ayahs 275-281

Linguistic definition

The increase in value for a particular item
Photo by Ian Aberle

Islamic definition

Surplus value added to an equal transaction

ذَٰلِكَ بِأَنَّهُمْ قَالُوا إِنَّمَا الْبَيْعُ مِثْلُ الرِّبَا ۗ وَأَحَلَّ اللَّهُ الْبَيْعَ وَحَرَّمَ الرِّبَا

They say: 'buying and selling is but a kind of usury' -
while God has made buying and selling lawful and usury unlawful.

Islam condemns riba

  • A
  • Goods exchanged at unequal quantities
  • This means...
  •  1. Circulating capital so that it will increase
  •  2. Lending money to gain profit from the debt