IAIS Malaysia

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.

Hikmah

O Lord show us things as they really are. (hadith)

Quotable Quotes

If you wish for a pearl, You must leave the desert and wander by the sea; and even if you never find the gleaming pearl, at least you won't have failed to reach the water. - Hakim Sanai, Haqiqat al-Haqiqa

Humour Without Malice

"I have good news and bad news. The goods news is, we have enough money to pay for our new building program. The bad news is, it's still out there in your pockets".

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