Riba

Riba (Interest): Literally: riba: addition, growth, elevation. Allah, the Exalted, said: "You see the earth barren and lifeless, but when We pour down rain upon it, it is stirred [to life], it swells, and it puts forth every kind of beautiful growth in pairs" Surah alHajj (22):5. Anyone who transacts in usury (interest) is known as a murabi (usurer). Technically: any excess compensation without any corresponding counter-value recognized by the Shari'ah. Hanafis: "stipulated excess without a counter-value in a sale". Shafi'is: "an agreement for a specific recompense whose equivalence to the counter-value is unknown according to the standards of the Shari'ah at the time of the transaction, or with a delay in the exchange of either or both counter-values." Some jurists use the term riba for any prohibited sale or any illicit wealth, no matter how it was earned. Riba is divided into riba of debts and riba of sales.


A Promise of Parallel Purchase and Sale of Gold
An Islamic Bank Has Multiple Accounts in Different Currencies with a Foreign Bank, Some Overdrawn and Some with Positive Balance
Can an Islamic Bank Ask a Client to Provide a Conventional Bank as a Guarantor?
Issuing Kafalah In Relation To Conventional Banks
Issuing LGs For Soft Loans
LGs From Conventional Banks for Project Finance
Should an Islamic Bank Offer a Guarantee for a Contractor Doing a Job for a Riba Bank?
The Islamic Development Bank inquiry regarding financing long-term infrastructure projects
Can a Conventional Bank Deposit be Used as Pawn for the Benefit of Islamic Banks
Entering Into A Construction Contract With A Conventional Bank
Resolution No: 13 (1/3)[1]: Concerning The Islamic Development Bank’s inquiries
Syndicated Financing Between Islamic And Conventional Institutions
A Call Option on a Commodity
Can a Creditor Make His Loan Conditional on the Borrower Buying from or Selling to the Creditor?
Can a Customer Islamically Transfer a Traveler’s Check to Another Person in the Same Currency?
Can a Financial Penalty Be Levied on Late Payment of a Loan?
Can a Lender Stipulate a Reciprocal Loan as a Condition for Lending?
Can a Holding Company Sell a Good to a Partially-Owned Subsidiary if It Owns Less Than 50% of the Subsidiary?
Can a Muslim Contractor Build a Building for a Conventional Bank?
Can an Islamic Bank Buy a Company That Runs on Riba in Order to Change It?
Can an Islamic Bank Receive Interest from the Central Bank?
Can Interest Be Used to Pay Taxes?
Is It Permissible for KFH to Sell Goods on the Basis of Murabahah to a Company That Will Resell the Goods on Installments and Will Stipulate an Interest Payment in Case of Delay?
Is It Permissible for the Buyer in Salam Contract to Sell the Goods Purchased to a Third Party Who Will Take His Place in the Contract?
What Would the Transactions of Global Stock Market Be Called?
Is It Allowed to Buy Cars from an Agent on the Condition That the Agent Will Extend a Guarantee to Buyers for Possible Defects and Be Financially Responsible for the Buyers?
RESOLUTION No. 102 (5/11): CURRENCY TRADING
RESOLUTION No. 101 (4/11): DEBT SALE AND LOAN DEBENTURES AND THEIR ISLAMIC SUBSTITUTES IN PUBLIC AND PRIVATE SECTORS
Conducting a Transaction on Behalf of another Person without Their Knowledge (1)
Deferred Sales of Shares in a Company Whose Cash Assets Exceed Its Tangible Assets
Is an Exchange of Deposits a Type of Loan with an Added Benefit?
Is an Islamic Bank Responsible for the Source of the Funds by Which the Debt Owed to It Is Repaid?
RESOLUTION No. 77/8/8: PARTICIPATION IN THE SHARES OF RIBA, (INTERESTS)-BASED JOINT-STOCK COMPANIES
RESOLUTION No. 66/4/7: BAY'AL-WAFA (DEBT GUARANTEE SALE)
Resolution No. 106: an overdraft agreement
Resolution No. 110: Selling foreign currencies to clients for less than the market price in order to encourage them to deal with the Corporation
Resolution No. 124: The impermissibility of paying the interest amounts accumulated from correspondent bank accounts to beneficiaries other than the poor and Islamic charities
Resolution No. 150: Paying or receiving interest from correspondent banks
Resolution No. 151: the Corporation appointing the purchaser as an agent to determine and receive what he will eventually buy
Selling Construction Materials by Murabahah
Selling Construction Materials by Murabahah
Structuring a Construction Contract as Murabahah with a Mark-up Charged on Payment for Labor
الجوائز النقدية أوالعينية
الضريبة المترتبة على الشركات التي يؤسسها المصرف الإسلامي الأردني خارج الأردن
رهن محل تجاري للبنك وتمكينه من الانتفاع بنصف مردود المحل المرهون
إيداع المسلم أمواله في البنوك التي تتعامل بالفائدة
الفوائد المصرفية التي يضطر البنك لإيداعها في المصارف الربوية
الصرف من صندوق الإيرادات قيد التصفية (تسبيقات مالية) على موظفي البنك
الصرف من صندوق الإيرادات قيد التصفية على مستخدمي البنك
الصرف من صندوق الإيرادات قيد التصفية على موظفي البنك
اقتناء أضحية العيد من صندوق الإيرادات قيد التصفية
استعمال الفوائد المحصّلة من بنم الجزائر في تسديد حصة بنك البركة الجزائري في شركة ضمان الودائع
إنفاق حصيلة الإيرادات الناتجة من الفوائد المحرمة وغرامات المدينين المعسرين المماطلين
فرض غرامة تأخير على العميل الذي لا يفي بالتزاماته
دفع الأرباح المستحقة للودائع بالعملات الصعبة
أرباح الودائع بالعملة الصعبة
قيام البنك بإيداع وديعة لدى أحد البنوك الذي يبيعه أجنبية بسعر شراء البنك المركزي
شراء البنك أذونات خزانة بناء على طلب البنك المركزي
الاستثمار في أسهم الشركات التي لا تهدف إلى التعامل بالربا
وضع مبلغ معين من المال تحت تصرف العميل مقابل حصول البنك على نسبة من الإيرادات أو صافي الأرباح
القروض المتبادلة
تحويل عملية مرابحة فاسدة إلى قرض حسن
توزيع جوائز للحسابات الجارية والادخارية
Deferred Installment Sale: Issue Of Selling Assets That Is Not In One’s Possession And Compensation For Refusal To Buy The Subject Matter
Delayed Payments In A Murabahah Contract
Resolution No. 50 (2/6): Rulings on Installment Sales
What Is to Be Done if the Supplier Is Unable to Deliver Some of the Sold Goods?
Circulation of Shares
Trading In The Shares Of Shari’ah-Compliant Companies That Are Involved In Riba-Based Transactions With Conventional Banks
Is it Lawful to Financially Penalize a Rich Debtor Who Delays Payment?
Bonds, Interest Deposits And Unlawful Properties
Taking the Place of the Owner in a Forced Sale
Selling to Someone Who Will Resell Using Interest-Based Contracts
Selling to Someone Who Will Resell by Charging Interest
Stipulating that Customers not Deal with Competitors
Can an Islamic Bank Take for Security Stocks Issued to a Conventional Bank as Security for an Interest-Based Loan?
Can an Islamic Bank Allow a Shareholder to Mortgage Its Shares as Security for an Interest-Best Loan?
May an Islamic Bank Deposit Money with a Foreign Bank and Give the Interest in Charity?
What is the Riba That the Qur’an Forbids?
What is the Ruling on Selling Cars to a Usurious Institution?
Can a Muslim Work as Visiting Specialist in a Commercial Corporation Involved in Usurious Transactions?
Is It Allowed to Stipulate That Qard Hasan Be Repaid in an Amount That Has the Same Buying Power as the Amount Loaned?
Why Do Some Scholars Distinguish between Loans and Other Liabilities When Money Is Scarce?
Is It Allowed to Trade Shares in Companies Whose Core Activities Are Lawful but Which Borrow and Lend on Interest?
Can Delivery Be Deferred of Both the Sold Good and the Price in a Sale?
Is It Allowed for a Customer To Be the Executor of His Own Construction Contract?
Can an Islamic Bank Make Regular Monthly Transfers from an Account holder’s Account to Pay a Riba-Based Loan?
Can an Islamic Bank Accept Assignment of Rights Requested by Usurious Banks of Their Customers?
Is It Allowed for an Islamic Bank to Place an Interest-Bearing Deposit in the Central Bank if the Law Requires It?
Is it Allowed to Deposit Funds in a Conventional Bank in Exchange for Reduced Fees on Tawarruq Transactions?
Can an Islamic Bank Loan Money to a Customer for Currency Trading via the Bank?
Is It Allowed to Charge a Fee for Foreign ATM Withdrawals in Addition to the Currency Exchange Fee?
Is It Allowed to Exchange Loans in Different Currencies?
Is It Allowed to Charge Non-Muslims Interest?
Is It Allowed to Buy the Shares of Companies That Deal in Interest in Order to Change Them?
Is It Allowed to Buy the Shares of Companies Whose Activities Are Lawful but Have Usurious Loans?
What Is the Shari‘ah Ruling on Enabling Visa Electron Cardholders to Make Withdrawals from KFH’s ATM Machines?
What Is the Shari‘ah Ruling on Enabling Holders of Visa Cards Issued by Other Banks to Make Withdrawals Using KFH’s ATM Machines?
What Is the Ruling on Enabling Holders of Visa Cards Issued by other Banks to Make Withdrawals Using KFH’s ATM Machines? (2)
Is it Allowed For an Islamic Bank to Accept Government Compensation for Lost Income Due to Force Majeure?
After Buying a Person’s Debts, Is It Allowed to Give Him a Gift?
Is It Allowed to Participate in a Project Involving Contracts That Contain Some Prohibited Clauses?
What Is the Ruling in Dealing with Shares of a Company that Has Lawful activities but is Involved in Usurious Debts?
Is it Allowed to Purchase Existing Companies in order to Islamize them?
Is it Allowed to Enter in an Investment of lending that Bring Benefit?
Is It Allowed to Take the Profit Given by Central Banks for the Deposit of Surplus?
Is it Allowed to for the bank to provide a service (purchasing real estate) to customers because the policies currently applied in another Bank do not allow it to provide this service itself?
Is it allowed for a company owned by the bank in the USA to sell a car to a customer who borrows the car’s price from a bank on interest?
Is it Allowed to Enter in an Investment where the Capital is Guaranteed?
Is it Allowed to Enter in an Investment where the Capital is Guaranteed?
Is it Allowed for a Customer to Replace a Good that He Purchased with another?
Is it a Must from a Shariah Point of View to Know about The Origin of the Customer’s Money?
Is it Allowed to enter into a contract that include promises binding upon both parties?
Is it Allowed for KFH to Accept Shares and Bonds with Interest, Collect the Interest from the Company and Deduct it from the Debt until the Entire Debt is Paid?
Is it Allowed to enter into a Murabahah contract with a company known for taking and giving riba-based loans?
Is it permissible to purchase a commercial complex and allow current tenants to remain in it providing that two of the tenant are involved in riba transactions?
Is it permissible for us to buy the debt owed to one of our customers by other parties?
Is it permissible to buy a leasing company which has some assets in the form of treasury bonds?
Is it permissible to evaluate only the real estate assets of commercial banks in return for a fee?
Is it Allowed to Lease out a Real Estate to a Customer and Grant Him the Right to Sublease the Real Estate?
Is it Allowed to Accept a Cash Reward in Return for KFH’s Promise to Participate in Sukuk Ijarah Investment Deal?
Involvement and Investment in Fund activity that has Presence of Riba
Is it Permissible to Use a Program Fully Prepared for Calculating Interest?
Takaful Coverage for Conventional Credit Card Product
Retakaful with Conventional Insurance and Reinsurance Company
Hibah in Wadi`ah Contract
Hukum Pelaburan Ke Atas Syarikat Swiss Cash Mutual Fund
Is it allowed for an Islamic Bank to invest a portion of its capital in buying the stock of the companies that are not aimed at dealing with interest?
Is it allowed for an Islamic Bank to invest a portion of its capital in buying the stock of the companies that are not aimed at dealing with interest?
What's the Shariah Opinion Regarding the Establishment of a Company Abroad to Benefit from Tax Exemptions Providing that these Companies Are Involved in Interest?
Is it Allowed for an Islamic Bank to Provide Qard Hasan to Another Bank on the Condition that the Latter Sells Foreign Currency to the Former Based Purchase Price Determined by the Central Bank?
Is it Allowed for KFH to Get Involved as a Partner in a Fund that Borrows Based on Interest?
Is It Permissible to Mortgage the Shares of a Company Whose Activities are Lawful but It Takes Loans on Interest?
Is It Allowed for KFH to Provide Services for Conventional Banks Such as Dispatching and Distributing Letters to Customers?
What’s the Shariah Opinion Regarding the Handling of a Bank’s Previous Riba-based Loans that Were Made before the Bank Was Converted to an Islamic Bank?
Is It Allowed for a Bank Converted to Conventional to Islamic to Distribute Any Profits Resulting from the Interest Earned to its Shareholders?
How Can KFH as a Shareholder of an Islamic Bank that Converted from the Conventional System Handle the Profits Provided as Cash and Bonus Shares?
Is It Allowed for KFH to Open an Account in a Brokerage Firm that Reserves the Right to Impose Interest on the Overdue Amount Until the Payment is Made?
Is It Allowed for KFH to Trade in the Stock Market?
What’s the Shariah Opinion Regarding Investing in a Fund that Trades in Shares of Listed Companies Whose Activities Are Permissible But Sometimes Involved in Riba Transactions?
Is It Allowed to Mortgage an Undeveloped Land to Obtain an Interest-Based Financing in Order to Develop the Land?
Is It Permissible to Allow All Visa and MasterCard Cardholders to Make Cash Withdrawals from KFH’s ATM Machines in Exchange for 4% Fee in Return?
Is It Allowed to Spend Interest Given to KFH Without Its Request to Organize Seminars?
Is It Allowed to Provide a Debt Collection Company with a Point-of-Sale Equipment That Accepts the Credit Cards of KFH and Other Banks?
What’s the Shariah Opinion Regarding the Interest Paid by Conventional Banks to Their Depositors and the Interest Charged by Them on Loans to Customers?
What Are the Conditions for Providing Credit Lines to a Company?
RESOLUTION No. 10 (10/2): TRANSACTIONS WITH BANKS DEALING WITH INTEREST AND TRANSACTIONS WITH ISLAMIC BANKS
تحديد سقف تمويلي لاستغلاله في تمويل صغار المهنيين بصيغة المرابحة
تأجير مباني الى جهات تعمل بالفوائد
المشاركة في نشاط تجاري يتعامل بالربا إقراضًا واقتراضًا
الدخول مع مصنع في مشاركة متناقصة لإضافة خط إنتاج جديد
المضاربة مع البنوك التقليدية
Riba Al-Fadl: Gold For Gold

Islamic Financial System ©

 

 


I-FIKR Sponsors