Charging interest for loans is deemed riba, or an unjust, exploitative gain, and is forbidden under Islamic law. In Islamic finance, riba refers to interest charged on loans. Religious practice ...

Malaysia has even been recognised as the most developed Islamic finance market in the ... Shariah financing terms you’ll come across. Riba literally means “to increase”.

In Islamic finance, the term riba (usury or interest) refers to charging or accepting interest on loans or debts. The practice is strictly prohibited and considered haram (forbidden) in Islamic ...