Riba' literally means "increase in" or "addition to" anything in our day to day parlance. The amount which is more than the principal amount is called the interest which in excess is called as usury. The whole of the present banking business is based on it though it is strictly prohibited in Islam.
Riba' literally means "increase in" or "addition to" anything in our day to day parlance. The amount which is more than the principal amount is called the interest which in excess is called …