Professional Documents
Culture Documents
Jahiliya
Riba-un-Nasiyah or Riba-al-Jahiliya
in excess of capital is
Jassas Razi)
CLASSIFICATION OF RIBA
Riba-un-Nasiyah or Riba-al-Jahiliya
Riba-al-Fadl
Excess taken in exchange of
are homogeneous.
every fiqh.
CLASSIFICATION OF RIBA
Volume
exchanged
CLASSIFICATION OF RIBA
be edible
exchange(currency).
CLASSIFICATION OF RIBA
be edible
First law
Second law
Exchange of a product with its
certain conditions
THE LAWS OF RIBA AL FADL
Second Law
CONDITIONS OF EXCHANGE
If the characteristics of the product has been
totally changed by the industry, then different
amounts can be exchanged.
If little difference has been made
Third Law
Exchange of any of the six commodities
with one another is allowed in unequal
amounts but the payment should not
be deferred
investment
Sood-e-Murakkab(Compound Interest)
reinvestment of each interest payment