Interest Rate in Quranic Perspective by Pakistan & Gulf Economist

Book Review : Interest Rate in Quranic Perspective

By Pakistan & Gulf Economist

  • Publication Date: 2011-08-14
  • Genre: Economics

Book Review

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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