Riba-Fiqul Muamlat.docx - INTRODUCTION DEFINITION CATEGORIES OF RIBA ISLAMIC RULINGS ON RIBA IN TRADE THE RATIONALE BEHIND THE PROHIBITION OF RIBA Riba

Riba-Fiqul Muamlat.docx - INTRODUCTION DEFINITION...

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INTRODUCTION DEFINITION CATEGORIES OF RIBA ISLAMIC RULINGS ON RIBA IN TRADE THE RATIONALE BEHIND THE PROHIBITION OF RIBA Riba was gradually prohibited through 4 stages in 4 different verses in the Quran Practice of giving and taking riba has been widely practice in Arab society and regarded as part and parcel of the business society To eliminate something that have been accustomed for so long is not an easy task This approach also adopted in the prohibition of liquor Arab society had been given ample time to gradually adjust themselves. RIBA IN THE QURAN Stages of Prohibition of Riba In The Quran Moral denounciation of Riba (Al-Rum : 39) Riba & the Jews (An-Nisa : 61) Legal Prohibition of Riba (Ali-Imran: 130-132) Al-Bay’ as the alternative to Riba (Al-Baqarah: 275-281) INTRODUCTION Literally: Riba is an Arabic word, derived from the verb raba that literally means „to grow‟ or „expand‟ or „increase‟ or „inflate‟ or „excess‟ Excess quantity, addition, an increase of a thing over and above its original size or amount
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