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Interest (riba) vs profit (ribh)

Literally, riba means “increase.” However, riba is commonly translated into English as “interest.” Riba is mentioned in the Qur’an in 30:39, 4:161, 3:130, 2:275-276, and 278. Most commentators agree that riba is a sum of money a lender claims from a borrower on top of the principal amount of a loan, as a reward for extending the loan, or for allowing more time for repayment. It does not matter whether the additional amount is small or large; even the smallest amount is still riba because it constitutes an “addition.”.......... Download the full article in pdf attachment (below)

Abdul Karim Abdullah

Abdul Karim Abdullah @ Leslie Terebessy is an Assistant Research Fellow at IAIS Malaysia.

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Quotable Quotes

Success depends upon previous preparation, and without such preparation there is sure to be failure. - Confucius

Humour Without Malice

A man went to Ibn 'Aqeel and said, "Whenever I plunge myself two to three times into a river to take a bath, I am not sure whether the water reached every part of my body, and am consequently unsure whether I have purified myself. What should I do?" He said "Do not pray." "Why do you say that?" Ibn 'Aqeel answered: "Allah's messenger [pbuh] said, 'The pen is lifted from three: from the child until he reaches adulthood, from the one who is sleeping until he wakes up, and from the insane man until he regains his senses.' And whoever plunges himself into a river once, twice and then three times, yet still feels that he has not taken a bath is insane."

Hikmah

It is enough of a sin for a man to relate all of what he hears. - Hadith

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