Islam Stack Exchange
Islam Stack Exchange

Questions tagged [riba]

Riba means Interest. Riba is Haram (forbidden) in Islam, and it is considered a major sin.

Riba (Arabic: ربا, [rɪbæː]) means Interest. Riba is forbidden in Islamic economic jurisprudence fiqh and considered as a major sin. Simply, unjust gains in trade or business, generally through exploitation.

There are two types of riba discussed by Islamic jurists: an increase in capital without any services provided and risktaking, which is prohibited by the Qur'an, and commodity exchanges in unequal quantities, prohibited in the Sunnah.

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How to buy and sell rare currencies without approaching riba?

Among collectors, there are people who collect coins and banknotes which are considered rare or unusual. Often these would be older currencies which are no longer produced (although they may still be considered legal tender), but this could also…
goldPseudo
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Can I ask for repayment of service charges along with repayment of a loan?

I have a (non-interest bearing) account with a local bank. Typically this account charges a monthly service fee, which is waived as long as a minimum balance is maintained. If I were to agree to provide a loan to someone, but the only cash I had…
goldPseudo
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In grave doubt about my newly offered job

I am working as a research analyst in a capital market service firm in India. My current job is to study various companies in the capital goods industry (i.e. companies which manufacture construction equipments, mining equipments, power generation…
Salaah
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Does buying a phone in installments involve riba, given that the total cost is more?

I am planning to purchase a phone for £25 upfront payment and £25.52 and over 24 months it is £637.48 for the iPhone 7, however, the Buy It Now price is £539, I am aware this includes interest but is this considered as riba as I am simply just…
Sumayah
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Is paying 25% more than you borrowed interest?

Sorry if this sounds silly. We can access a government university loans where we have to pay back 125% of what we borrowed. Is this considered interest? I.e. the amount we have to pay back is what we borrowed + 25%, so it is a fixed amount. Rather…
K-Feldspar
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Paypal charges a tax while transferring money from account to account - is this Riba?

Paypal charges a tax when you transfer money from one account to another. I am confused on whether is this Riba or not. If it is, what if I change the currency while transferring?
Shaheer Rizvi
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Why is interest such a bad thing? And is this forbiddance still relevant in the modern age?

I know this has been asked a LOT of times, but mine is slightly different (I believe). First of all, a little background about myself: Not a Muslim, probably somewhere between agnosticism, Christianity, and atheism. I live in a multiracial society…
user10443
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What should i do with riba money if it is already mixed with non riba money?

Assalamualaikum, I would like to ask what i should do with riba money that have been mixed with non riba money. Let's say for example we do some business and sometimes the transactions we do contains riba. Let's say we made $10 in one transaction.…
Tom13
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Giving land to developers who work there by money from interest based loan

We know that after giving our land to them to work with the developers are going to take loan from conventional bank (involving RIBA) to work on my piece of land. So my question is, is it halal to give the land to the developers knowing they are…
Fatima
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Interest on the Savings account

Salaam, My question is about the interest the banks pay on the savings accounts that you maintain with them. The banks generally use your money lying in the account and invest it in the market, they make profit out of it and they only pass on a very…
Akbar
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Zero Interest is causing me more harm than riba, is it the right choice?

I had to purchase a car, but did not wanted with riba, so the only option was to purchase a new car which I has at 0%, BUT monthly I have now to find a large sum of money which is causing me a lot of trouble. With a used car I could have a with…
jinnah
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Is this sort of business classifies as Riba?

My situation requires me to buy a car. It is really mandatory, not for luxury purpose. I really need it because of the cold weather and for transporting my kids to school. I have waited so long to be able to save money and buy a car, but I couldn't…
Nasser
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Utilization of profit on saving account

I have saving account in a bank. I obtained profit of Rs. 12500/-. It is interest? How can i get rid of this amount? Can i give it to my brother who is needy right now? Thanks and regards
Usman
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Is leasing machinery for business is permisable?

I am a business man in Spain and we need to buy some machinery for manufacturing purposes. As I don't take riba-based loans, it's very tough for us to work because no bank has riba-free plans here; we are looking for leasing options but I have my…
Raheel
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Interest is theft or standalone prohibition

Is lending money at interest forbidden because it is theft or is it not theft but forbidden as a standalone sin?
Clint Eastwood
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