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Riba Interest, unjust enrichment, usury |
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Riba Interest; usury; unjust enrichment |
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Riba Riba literally means `to grow; to increase.` Technically, it denotes the amount that a lender receives from a borrower at a fixed rate in excess of the principal. It is of two kinds:- 1. Riba Nasi`a - taking interest on Loaned money. - 2. Riba Fadal - taking something of Superior quality in exchange for Giving less of the same kind of Thing of poorer quality. |
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Riba The practice of charging interest on loans; sometimes translated as "usury". Riba is forbidden under Islamic law, which makes the modern finance system challenging for Muslims |