header ads

Riba in Islam

Riba in Islam:


Riba is an Arabic word that means "increase" or "growth." In Islamic law, riba refers to any increase in a loan that is not justified by the loan itself. This includes any form of interest, whether it is charged explicitly or implicitly.

The prohibition of riba

The prohibition of riba is one of the most important economic principles in Islam. It is mentioned in the Quran in several places, and it is also mentioned in the hadith, the sayings of the Prophet Muhammad.

The Quran says:

"O you who believe! Fear Allah and give up what remains of riba (from what you have already received) if you are indeed believers." (Quran 2:278)

"Those who take riba will not stand (on the Day of Resurrection) except as one stands who is driven by Satan by touch from madness. That is because they say: "Trade is like riba," but Allah has permitted trade and forbidden riba." (Quran 2:275)

The hadith says:

"The Prophet (peace be upon him) cursed the one who takes riba, the one who gives it, the one who writes it down, the one who witnesses it, and the one who carries it." (Bukhari)

The reasons for the prohibition of riba

There are several reasons why riba is prohibited in Islam. These reasons include:

  • Riba is unfair. It is unfair to charge someone interest on a loan, especially if they are already struggling financially.

  • Riba can lead to exploitation. If riba is allowed, it can lead to people being exploited by lenders who charge high interest rates.

  • Riba can harm the economy. When people are forced to pay high interest rates, it can stifle economic growth.

The different types of riba

There are two main types of riba:

  • Riba al-fadl: This is the type of riba that occurs when two commodities of equal value are exchanged, but one of the commodities is deferred. For example, if you buy a kilogram of wheat today and agree to pay for it with a kilogram of barley tomorrow, this is riba al-fadl.

  • Riba al-nasīʾah: This is the type of riba that occurs when a loan is made with the condition that the borrower will pay back more than the amount that they borrowed. For example, if you borrow $100 from someone and agree to pay them back $110 in one year, this is riba al-nasīʾah.

The prohibition of riba in modern times

The prohibition of riba is still applicable in modern times. There are many ways to avoid riba, such as using Islamic banking products or simply avoiding interest-bearing loans altogether.


The prohibition of riba is one of the most important economic principles in Islam. It is a prohibition that is based on fairness, justice, and the protection of the poor and vulnerable. Muslims should strive to avoid riba in all its forms, and they should educate others about the dangers of this practice.

Post a Comment