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riba in in pakistan

Riba and Usury in Islam, Definition and Meaning

March 4, 2011 by Admin 10 Comments

THE literal meaning of riba is excess or increase. In Islamic terminology, interest means effortless profit or profit which comes free from compensation or that extra earning obtained that is free of exchange. Hazrat Shah Waliullah Dehlvi has given a very concise and precise definition of interest. He says: “Riba is a loan with the […]

Filed Under: Islamic Law Tagged With: riba in hadith, riba in in pakistan, riba in quran

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