Podcast
Questions and Answers
What does 'riba' refer to in the Islamic financial system?
What does 'riba' refer to in the Islamic financial system?
- Growth and expansion of business
- Conditional extra amount paid by the borrower to the lender (correct)
- Prohibition of short sales
- Ethical goods and services
Which practice is prohibited in the Islamic financial system due to its association with deception and speculation?
Which practice is prohibited in the Islamic financial system due to its association with deception and speculation?
- Prohibition of unfairness
- Prohibition of gambling
- Prohibition of monopolies
- Prohibition of gharar (correct)
What is the main principle of the Islamic financial system with regard to usury?
What is the main principle of the Islamic financial system with regard to usury?
- Unfair conditional extra amount paid by the borrower to the lender
- Prohibition of riba (usury) (correct)
- Prohibition of dealing in unethical goods or services
- Growth and expansion of financial assets
What is considered a prohibited practice in the Islamic financial system due to money being viewed as a medium, not a commodity?
What is considered a prohibited practice in the Islamic financial system due to money being viewed as a medium, not a commodity?
What is the meaning of Riba al-Nasiah?
What is the meaning of Riba al-Nasiah?
When does Riba al-Fadl arise?
When does Riba al-Fadl arise?
What form of riba could be viewed in loan contracts?
What form of riba could be viewed in loan contracts?
Why is riba considered a form of injustice and exploitation?
Why is riba considered a form of injustice and exploitation?
What did the Prophet (pbuh) do regarding a person who died indebted?
What did the Prophet (pbuh) do regarding a person who died indebted?
From an Islamic point of view, what function should money serve?
From an Islamic point of view, what function should money serve?
What is the main consequence of interest-based financing according to Islamic perspective?
What is the main consequence of interest-based financing according to Islamic perspective?
What does Riba al-Jahilliyah involve?
What does Riba al-Jahilliyah involve?
What is the meaning of Riba al-Qardh?
What is the meaning of Riba al-Qardh?
What does Riba al- Duyun involve?
What does Riba al- Duyun involve?
What could be concluded from Islamic teachings about lending money?
What could be concluded from Islamic teachings about lending money?
In the context of Islamic finance, which practice is prohibited due to its association with deception and speculation?
In the context of Islamic finance, which practice is prohibited due to its association with deception and speculation?
What is the Arabic meaning of the term 'riba' in the context of Islamic finance?
What is the Arabic meaning of the term 'riba' in the context of Islamic finance?
Which form of riba involves any predetermined and conditional extra amount paid by the borrower to the lender above the principal?
Which form of riba involves any predetermined and conditional extra amount paid by the borrower to the lender above the principal?
What is prohibited in the Islamic financial system due to money being considered a medium and not a commodity?
What is prohibited in the Islamic financial system due to money being considered a medium and not a commodity?
What is the meaning of Riba al-Qardh?
What is the meaning of Riba al-Qardh?
What form of riba could be viewed in loan contracts?
What form of riba could be viewed in loan contracts?
When does Riba al-Fadl arise?
When does Riba al-Fadl arise?
Why is riba considered a form of injustice and exploitation?
Why is riba considered a form of injustice and exploitation?
What is the main consequence of interest-based financing according to Islamic perspective?
What is the main consequence of interest-based financing according to Islamic perspective?
What does 'riba' refer to in the Islamic financial system?
What does 'riba' refer to in the Islamic financial system?
From an Islamic point of view, what function should money serve?
From an Islamic point of view, what function should money serve?
'Riba al-Jahilliyah' refers to:
'Riba al-Jahilliyah' refers to:
What could be concluded from Islamic teachings about lending money?
What could be concluded from Islamic teachings about lending money?
What did the Prophet (pbuh) do regarding a person who died indebted?
What did the Prophet (pbuh) do regarding a person who died indebted?
What does Riba al-Nasiah involve?
What does Riba al-Nasiah involve?
