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What is riba?

 
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ontoxPara



Joined: 06 Dec 2009
Posts: 10
PostPosted: Wed Feb 03, 2010 11:29 am    Post subject: What is riba? Reply with quote
What is riba?
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jerrys1960



Joined: 23 Aug 2009
Posts: 102
Location: Philippines
PostPosted: Sun Feb 07, 2010 10:23 pm    Post subject: Reply with quote
Interest on money

“Every loan in which it is stipulated that something extra must be paid back is haraam, with no difference of scholarly opinion.

Ibn al-Mundhir said: [the scholars] are unanimously agreed that if the muslim lender stipulates that the muslim borrower must pay extra or give him a gift, and he lends him money on that basis, then accepting the extra payment is riba.
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