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SoundVision.com: Glossary of Islamic Terms

GLOSSARY OF ISLAMIC TERMS
Compiled by Prof. Ishaq Zahid

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z


Riba

Riba literally means 'to grow; to increase.' Technically, it denotes the amount that a lender receives from a borrower at a fixed rate in excess of the principal. It is of two kinds:
1. Riba Nasi'a - taking interest on loaned money.
2. Riba Fadal - taking something of superior quality in exchange for giving less of the same kind of thing of poorer quality.



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