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

One who has faith in God and the Last Day, let him say something good or else remain silent. (hadith)

Quotable Quotes

Develop success from failures. Discouragement and failure are two of the surest stepping stones to success - Dale Carnegie

Humour Without Malice

Three people were praying salat in congregation. A man walks by and without knowing they are in salat says, "Assalamu Alaykum". One man in salat says "Waalaykum Assalam". The second person angrily says, "Astaghfirullah, you are not supposed to talk in salat." The third person praying says "Alhamdulillah, I didn't talk."

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