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.

Publications Catalogue

Quotable Quotes

Peace is our gift to each other - Elie Wiesel

Humour Without Malice

Mullah Nasruddin had lost his ring, so he set out to search for it under the street light. Others came to help him search. Finally when asked if he was certain he had dropped it in this spot, he said, "No, I lost it there," and pointed to his house. The others asked incredulously: "Then why are you looking for it here?" The Mullah said, while trying to look clever: "Because it is dark where I lost it, and it is light out here!"


Thus We have made of you a community justly balanced that you might be witnesses over the nations and the Messenger a witness over yourselves (Q 2:143)

IAIS Malaysia 2008-2018 - All Rights Reserved.

Do NOT follow this link or you will be banned from the site!