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

For everyday on which the sun rises, there is a reward for the one who establishes justice among people (al-Bukhari, vol. 3, Hadith 870).

Quotable Quotes

Let your first thought be to strengthen your natural vitality (Razi).

Humour Without Malice

Once a soldier who had an arrow stuck into his flesh went to consult a specialist. The surgeon cut off the arrow shaft and said: "That is all. You may go now". The soldier said: "But the arrow head is still deep in my flesh!" Shaking his head, the surgeon said: "That's a matter of an intermist. The surgical part of the operation is finished".

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