Riba

In: Religion Topics

Submitted By mahdi62483
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The Prohibition of Riba in The Holy Qur’an & Hadith

Definition of Riba
• Lexical: ‫دة‬
• Legal:

‫ ا‬excess, increase or addition excess compensation without due consideration made conditional for either party to a contract 2 Types of Riba
1.

Riba al-Nase’ah –
‫ر ا‬
• To charge a specified increase or profit on a specific amount lent for a given period
• Also known as:



2.

Riba al-Jahiliyyah
Riba al-Qur’an

Riba al-Fadhl – ‫ر ا ه‬
• Excess that is taken in the exchange of homogenous
(
) commodities and is encountered in their hand to hand purchase and sale
• Also known as:



Riba al-Bey‘
Riba al-Hadith

Historical Analysis - Verse 1
[

] (39)

And that which you give in riba for increase through the property of [other] people, will have no increase with Allah. But that which you give in charity seeking the countenance of Allah, it is these who will get a recompense multiplied.
[30:39]




Revealed in Makkah
Not prohibitive in nature
According to the majority of exegetes, refers to the gift that is extended to another with the intention that the latter will return it with a better gift

Historical Analysis - Verse 2
[

] (161)

That they took riba, though they were forbidden …
[4:161]







Enumeration of the iniquity and wickedness of the Jews
Exact time of revelation is uncertain
Context indicates before 4th year AH as most Jews had by the departed Madinah
According to al-Tabari – refers to predetermined excess taken upon the lending of a specified amount for a specified period
Not explicitly prohibitive for Muslims
Prohibition for Muslims is inferred, otherwise Jews would not be blameworthy

Historical Analysis - Verse 3
[

] (130)

O you who believe! Devour not usury, doubled and multiplied; but fear Allah, that you may prosper.



•…...

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