Quran , Riba, Fiat Currency and Islamic Banking – قرآن ربا اور کاغذی کرنسی

˹Quran˺ is ˹true˺ guidance. And those who deny their Lord’s revelations will suffer the ˹worst˺ torment of agonizing pain” (Quran;45:11) Riba is an Arabic word that means “to increase” or “to exceed” and is commonly used in reference to unequal exchanges or charges and fees for borrowing. Interest is deemed riba, or an unjust, exploitative gain, and such practice is forbidden under Islamic Sharia law. Riba refers to the concept of usury or interest. It is the practice of gaining profit or advantage through lending money or other goods at an excessively high rate of interest. According to Islamic principles, … Continue reading Quran , Riba, Fiat Currency and Islamic Banking – قرآن ربا اور کاغذی کرنسی