What is Riba or Interest in Islam? Meaning, Definition, and Example

What is Riba or Interest in Islam? Meaning, Definition, and Example

Riba, or interest in Islam, refers to any guaranteed increase or profit on a loan or financial transaction, which is considered exploitative and unjust.

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The Riba meaning in Islamic finance revolves around the prohibition of earning income through interest, as it is seen as unfairly benefiting one party at the expense of another. Interest in Islam is forbidden because it creates an imbalance in economic transactions and is believed to harm both individuals and society. In Islam,


what is Riba or interest in financial dealings is defined as any form of unjust gain from a loan or investment, and it is prohibited in the Quran and Hadith to ensure fairness and social justice.


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