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    Types of Riba PDF

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    Nader Mehdawi
    There are two main types of riba (usury): Riba al-Qurud and Riba al-Buyu. Riba al-Qurud involves the exchange of money or assets as a loan with delayed payment and interest. Riba al-Buyu involves the exchange of commodities like gold, silver, wheat, barley, salt, and dates, where the quantities exchanged are unequal or payment is delayed, resulting in additional compensation for the delay or difference in quantities. Both types of riba were common in pre-Islamic times but are prohibited under Islamic law.

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    Types of Riba PDF

    Uploaded by

    Nader Mehdawi
    159 views3 pages
    There are two main types of riba (usury): Riba al-Qurud and Riba al-Buyu. Riba al-Qurud involves the exchange of money or assets as a loan with delayed payment and interest. Riba al-Buyu involves the exchange of commodities like gold, silver, wheat, barley, salt, and dates, where the quantities exchanged are unequal or payment is delayed, resulting in additional compensation for the delay or difference in quantities. Both types of riba were common in pre-Islamic times but are prohibited under Islamic law.

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    There are two main types of riba (usury): Riba al-Qurud and Riba al-Buyu. Riba al-Qurud involves the exchange of money or assets as a loan with delayed payment and interest. Riba al-Buyu involves the exchange of commodities like gold, silver, wheat, barley, salt, and dates, where the quantities exchanged are unequal or payment is delayed, resulting in additional compensation for the delay or difference in quantities. Both types of riba were common in pre-Islamic times but are prohibited under Islamic law.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    159 views3 pages

    Types of Riba PDF

    Uploaded by

    Nader Mehdawi
    There are two main types of riba (usury): Riba al-Qurud and Riba al-Buyu. Riba al-Qurud involves the exchange of money or assets as a loan with delayed payment and interest. Riba al-Buyu involves the exchange of commodities like gold, silver, wheat, barley, salt, and dates, where the quantities exchanged are unequal or payment is delayed, resulting in additional compensation for the delay or difference in quantities. Both types of riba were common in pre-Islamic times but are prohibited under Islamic law.

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    Types Of Riba

    1.Riba alQurud(Q&D) 2.Riba alBuyou(2T)

    called: called:
    al-Nasia riba al-Fadl riba
    al-Quran riba al-Hadith riba
    al-Jahylia riba al-Assnaf riba

    Under Riba AlQurud:

    The difference between Qurd and Dyn


    Every Qurd is a Dyn, but not every Dyn is
    a Qurd.

    Qurd is the transfer of money or tangible


    assets as a delayed (Nasia) payment loan,
    for an open term or specified term. For
    monthly installments of the riba payment,
    (not the original principal), or One lump-
    sum payment at the end of a period. In
    Jahylia was decided before or after
    origination of the loan. The lender or the
    borrower either proposes the riba portion.
    Dyn is a debt for the extension of credit.
    It can be money (Qurd) as in a loan, or I
    owe you, for a specific term (delayed
    Nasia or nisa) or on the (spot immediate
    payable obligation when not done in the
    majlis 3 days). This I owe you can be
    established as credit for a sale or
    consumption (Bay). The majority of dyoon
    are none callable until the term is due, or
    callable like the case of Qurd loan.

    Under Riba al-Buyu

    al-Fadl (addition of same types of mass


    units kayl or weight wazin)

    6 types of commodities (Assnaf)


    Gold, Silver, Wheat, Barley, Salt, Dates

    al-Nisa (delay for a term) (may lead to


    addition for delay)

    (Mubadala Almutajanisane gold with gold)

    al-Yad (may lead to addition for


    non-delivery of exchangeable) of
    non-equals (Money and food) both or one
    (albadalain)

    The inter-exchange of the 6 types is


    allowed but the payment is due
    immediately. (mubadala almutaqarbeen
    gold with silver, or wheat with barley)

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