Riba: Interest
Interest
is any predetermined excess which is paid or received with the passage of time
on principal of loan as a condition of loan and for which no counter value is
paid or received and which is not related with the usage and result of loan.
Riba is of
two kinds: Riba Nasia, related with loan and time as in defination
Riba, Fadal, related with goods for exchanging hand to hand.
There are verses regarding Riba in 4 Suras.
Sera Rome: 39
Sura Nisa-160 to 161
Surah Al Imran--130
Sura Bakara--275-81
There are verses regarding Riba in 4 Suras.
Sera Rome: 39
Sura Nisa-160 to 161
Surah Al Imran--130
Sura Bakara--275-81
The verses are as under:
Sura Rome--39 |
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