What is Riba or Interest in Islam? Meaning, Definition, and Example

Riba, in Islamic terms, refers to the concept of interest or usury, which is strictly prohibited in Islam.

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Riba meaning can be understood as any guaranteed increase or profit on a loan, which is considered exploitative. What is riba? It is the practice of charging excessive interest on loans or investments, leading to unfair financial advantage.

The definition of riba in Islam is that it involves any unjust gain made from loans or trading, which can harm the borrower and create inequality. Islam advocates for fair trade and financial transactions that promote justice, equality, and the well-being of all parties involved.

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