ISLAMIC BUSINESS TRANSACTION CHAPTER THREE RIBA Ð MAHYUDDIN KHALID Ð [email protected] CONTENT INTRODUCTION DEFINITION Ð Ð Ð Ð Ð INTRODUCTION DEFINITION CATEGORIES…

1. November 2008 2. The WIIFM factor (What’s In It For Me?) Definition of Interest Interest in Quran Interest in Hadith Types of Riba/Interest Why Interest is such a Sin?…

Slide 1 THE PROHIBITION OF RIBA Slide 2 DEFINITION  The basic principle of Islamic financial system is the prohibition of riba (Usury).  The Arabic word: riba, literally…

THE PROHIBITION OF RIBA DEFINITION The basic principle of Islamic financial system is the prohibition of riba (Usury). The Arabic word: riba, literally means growth, excess,…

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