{"id":11077,"date":"2019-03-21T17:31:17","date_gmt":"2019-03-21T17:31:17","guid":{"rendered":"http:\/\/daruliftabirmingham.co.uk\/?p=11077"},"modified":"2019-03-21T17:31:17","modified_gmt":"2019-03-21T17:31:17","slug":"what-is-the-definition-of-riba-of-money-in-islam","status":"publish","type":"post","link":"https:\/\/daruliftabirmingham.co.uk\/home\/what-is-the-definition-of-riba-of-money-in-islam\/","title":{"rendered":"What is the definition of Riba of money in Islam?"},"content":{"rendered":"

\n\tFatwa ID: 02755<\/strong><\/span><\/span>\n<\/p>\n

\n\tAnswered by:  Moulana Muhammad Imad Ali\u200b<\/strong><\/span><\/span>\n<\/p>\n

\n\tQuestion:<\/u><\/strong><\/span><\/span>\n<\/p>\n

\n\tAssalamu Alaikum Wa Rahmatullah!<\/span><\/span>\n<\/p>\n

\n\tWhat is the definition of ‘interest’ of money in Islam?<\/span><\/span>\n<\/p>\n

\n\t\u0628\u0650\u0633\u0652\u0645\u0650 \u0627\u0644\u0644\u0647\u0650 \u0627\u0644\u0631\u0651\u064e\u062d\u0652\u0645\u0646\u0650 \u0627\u0644\u0631\u0651\u064e\u062d\u0650\u064a\u0652\u0645<\/strong><\/span><\/span>\n<\/p>\n

\n\tIn the name of Allah, the Most Gracious, the Most Merciful.<\/u><\/strong><\/span><\/span>\n<\/p>\n

\n\tAnswer:<\/u><\/strong><\/span><\/span>\n<\/p>\n

\n\tAssalamu Alaikum Wa Rahmatullahi Wa Barakaatuh,<\/span><\/span>\n<\/p>\n

\n\tRasulullah (peace be upon him) said, ‘Every loan that draws a profit is Riba<\/i> and Haram’.<\/span><\/span>\n<\/p>\n

\n\tIn Shariah, riba refers to any conditional excess in exchange for deferred payment or any excess in wealth or benefit which is conditioned in the business transaction and is not in lieu of anything. At times the condition is not explicit, however, it is understood through the ‘urf’ (i.e. the business trend and usage). Similarly, in the Shariah, the fuqaha regard the profit acquired through un-Islamic means in the law of riba e.g. the profit acquired through an invalid business transaction i.e. bai’ e faasid.<\/span><\/span>\n<\/p>\n

\n\t <\/u><\/b><\/span><\/span>\n<\/p>\n

\n\tOnly Allah knows best<\/span><\/span>\n<\/p>\n

\n\tWritten by Moulana Muhammad Imad Ali<\/span><\/span>\n<\/p>\n

\n\tChecked and approved by Mufti Mohammed Tosir Miah<\/span><\/span>\n<\/p>\n

\n\tDarulifta Birmingham<\/span><\/span>\n<\/p>\n

\n\t <\/b><\/span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

Fatwa ID: 02755 Answered by:  Moulana Muhammad Imad Ali\u200b Question: Assalamu Alaikum Wa Rahmatullah! What is the definition of ‘interest’ of money in Islam? \u0628\u0650\u0633\u0652\u0645\u0650 \u0627\u0644\u0644\u0647\u0650…<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[12],"tags":[],"_links":{"self":[{"href":"https:\/\/daruliftabirmingham.co.uk\/home\/wp-json\/wp\/v2\/posts\/11077"}],"collection":[{"href":"https:\/\/daruliftabirmingham.co.uk\/home\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/daruliftabirmingham.co.uk\/home\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/daruliftabirmingham.co.uk\/home\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/daruliftabirmingham.co.uk\/home\/wp-json\/wp\/v2\/comments?post=11077"}],"version-history":[{"count":1,"href":"https:\/\/daruliftabirmingham.co.uk\/home\/wp-json\/wp\/v2\/posts\/11077\/revisions"}],"predecessor-version":[{"id":11078,"href":"https:\/\/daruliftabirmingham.co.uk\/home\/wp-json\/wp\/v2\/posts\/11077\/revisions\/11078"}],"wp:attachment":[{"href":"https:\/\/daruliftabirmingham.co.uk\/home\/wp-json\/wp\/v2\/media?parent=11077"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/daruliftabirmingham.co.uk\/home\/wp-json\/wp\/v2\/categories?post=11077"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/daruliftabirmingham.co.uk\/home\/wp-json\/wp\/v2\/tags?post=11077"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}