Prohibited elements in fiqh al-muamalat: causes that invalidate transactions
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The word riba is derived from the root Arabic verb rabwun which literally means: to grow, expand, increase, inlfate, excess. The technical meaning of the word riba is 'a premium' that must be paid by the borrower to the lender along with the principal amount as a condition for the loan or for an extension in its maturity.
Riba , Fiqh muamalat , Loan , Interest
Saleem, Muhammad Yusuf & Trakic, Adnan. (2012). Prohibited elements in fiqh al-muamalat: causes that invalidate transactions. In Adnan Trakic & Hanifah Haydar Ali Tajuddin (Eds.), Islamic banking & finance: principles, instruments & operations (pp. 103-120). Ampang, Selangor: Malaysian Current Law Journal Sdn Bhd.
Malaysian Current Law Journal Sdn Bhd