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Interest Rate in Quranic Perspective - Pakistan & Gulf Economist

By Pakistan & Gulf Economist

Release Date: 2011-08-14

Genre: Economics

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Byline: DR. S. M. ALAM and DR. M.A. KHAN The Quranic word 'Riba' or 'Interest' (excess) signifies increase, addition, expansion, gain, multiplication, profits, accumulation in growth and normally refers to the additional or extra income in form of a profit, which a lender recovers from the borrower according to a fixed rate over and above the principal amount. Riba (Interest) refers to excessive or exploitative profits.

Interest Rate in Quranic Perspective - Pakistan & Gulf Economist

By Pakistan & Gulf Economist

Release Date: 2011-08-14

Genre: Economics

(0 ratings)
Read Download
Byline: DR. S. M. ALAM and DR. M.A. KHAN The Quranic word 'Riba' or 'Interest' (excess) signifies increase, addition, expansion, gain, multiplication, profits, accumulation in growth and normally refers to the additional or extra income in form of a profit, which a lender recovers from the borrower according to a fixed rate over and above the principal amount. Riba (Interest) refers to excessive or exploitative profits.

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