Interest and Islamic finance: demystifying riba
We live in a world where the majority of us are used to only one approach when it comes to economics and finance, which is the conventional, or riba-based systems. Ask the man-in-the-street what riba means, and he would be hard-pressed to provide answer. General education syllabuses in schools do not provide information on what comprises and does not comprise riba from a practical perspective, or modules relating to Islamic finance.
Islamic finance , Riba , Riba-free system
Muneeza, Aishath. (2019). Interest and Islamic finance: demystifying riba. 4E Journal, (2Q), pp. 4-5.
Financial Planning Association of Malaysia