Riba definition

Riba means any stipulated payment over and above the principal lent in consideration of the time given for repayment, either on simple or compound basis, or any discount given on assignment of debt or any financial paper representing money”.

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Riba means an increase, which in a loan transaction or in exchange of a specified commodities (ribawai commodities/ or ammal ribawiyyah), accrues to the owner (lender) or the other counter-party in exchange of specified commodity without giving or receiving an equivalent counter value or recompense in return to the other party. It covers interest both on commercial and consumer loans, and is prohibited according to Shariah. For the purpose of these Best Practices, the term “riba” will be used together with the term “interest” for ease of reference.

Riba means an increase, which in a loan transaction or in exchange of a commodity, accrues to the owner (lender) without giving an equivalent counter value or recompense in return to the other party. It covers interest both on commercial and consumer loans, and is prohibited according to Shari‟ah. For the purpose of these guidelines, the term “riba” defined herewith will be used together with the term “interest” for ease of reference.

Examples of Riba in a sentence

Under the provision of ▇▇▇▇▇▇ 47(B) of part (IV) of second schedule of the income Tax Ordinance 2001, the Fund’s income from dividend from (Shariah compliant) term finance certificates, Sukuks, return on (Riba free) deposits with banks/financial institutions, return from contracts, securities or instruments of companies, organizations and establishments will not be subject to any withholding tax.
In the following years, he was able to completely regain his political prestige by becoming mordomo in 1224 and tenente of Lamego in 1221-1222 and 1234-1236, Pinhel in 1223, Viseu in 1235, and Riba Minho and Valadares in 1226 (Ferro Couselo, 1995: docs.
One principle expressly stated in the Qur'an and Sunnah is that the charging of interest upon a loan, in whatever form, is Riba and is contrary to the ▇▇▇▇▇’ah.
Sebagai solusi agar jasa penukaran uang di jalan-jalan tersebut tidak dihukumi Riba.
The Shariah Advisor has co-ordinated with the Management Company in drawing up of this Deed, the offering document and other related material documents constituting Constitutive Documents for the formation of the Unit Trust and shall further provide technical guidance and support on various aspects of Shariah, so as to enable the Management Company to mould the Unit Trust and its Administrative Plans into Riba free avenue of investment.

More Definitions of Riba

Riba means an increase, which in a loan transaction or in exchange of a specified commodities (ribawai commodities/ ammal ribawiyyah), accrues to the owner (lender) or the other counter-party in exchange of specified commodity without giving or receiving an equivalent counter value or recompense in return to the other party. It covers interest both on commercial and consumer loans, and is

Riba means “usury” in Arabic and is generally forbidden by observant Muslims. There are two types of riba discussed by Islamic jurists that are prohibited a) an increase in capital without any services provided and b) commodity exchanges in unequal quantities.

Riba means the Arabic word for "increase, expand," in Arabic.

Riba in Arabic means usury.

Riba in the context of deposits, means any predetermined positive return on the original amount for the 30

Riba is originally means usury interest prevailed in Arabia before Islam period. The Qur’an has many regulations on forbidding "riba". The meaning of "riba" is a disputable issue in the Islamic academic field. “riba” refers to the usury in the way of narrowly-defined understanding and any kind of interest in the way of more broadly-defined understanding of any kind interest. Even other people said that “riba” include the any income obtaining through taking risks, cheating and other some improper means, such as gambling, speculating and lending money for interest and so on. Now the more unified view is that “riba" refers to all kinds of interest.

Riba means the addition of income from loans and exchange of usurious goods in a void manner, including in transactions for the exchange of similar goods that are not the same in quality, quantity, and time of delivery (fadhl), or in lending and borrowing transactions that require the Customer receiving the facility to return the funds received in excess of the principal loan due to the passage of time (nasi'ah). "Maisir" means a transaction that is dependent on an uncertain situation and is in accordance with chance.