![]() Most Islamic jurists hold there is another type of riba, which is the simultaneous exchange of unequal quantities or qualities of a given commodity. Most prevalent is the interest or other increase on a loan of cash, which is known as riba an-nasiya. However, not all scholars have equated riba with all forms of interest, or agree whether its use is a major sin or simply discouraged ( makruh), or whether it is in violation of sharia (Islamic law) to be punished by humans rather than by Allah. It is often used as an Islamic term for interest charged on loans, and the belief this is based on - that there is a consensus among Muslims that all loan/bank interest is riba - forms the basis of a $2 trillion Islamic banking industry. While Muslims agree that riba is prohibited, not all agree on what precisely it is. It is also mentioned in many hadith (reports describing the words, actions, or habits of the Islamic prophet Muhammad). ![]() Riba is mentioned and condemned in several different verses in the Qur'an ( 3:130, 4:161, 30:39 and perhaps most commonly in 2:275-2:280). ![]() ![]() Riba ( Arabic: ربا ,الربا، الربٰوة ribā or al-ribā, IPA: ) is an Arabic word that can be roughly translated as " usury", or unjust, exploitative gains made in trade or business under Islamic law. ![]()
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