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Rab al Mal(رب المال):
owner of capital

Literally: an excess or increase. Technically, an increase, which in a loan transaction or in exchange of a commodity, accrues to the owner (lender) without giving an equivalent counter value or recompense in return to the other party. It covers interest both on commercial and consumer loans.

Riba Al Buyu(ربا البيع):
A sale transaction in which a commodity is exchanged for the same commodity but unequal in amount and the delivery of at least one commodity is postponed. To avoid riba-al-buyu, the exchange of commodities from both sides should be equal and instant. Riba-al-buyu was prohibited by the prophet Mohammad to forestall riba (interest) from creeping into the economy from the back door.

Riba Al fadl(ربا الفضل):
Usury of trade. It is an alternative term for riba al-buyu.

Riba Al –diyun(ربا الدين):
Usury of debt.

Riba Al Nasia:
Increment on the principal of a loan payable by the borrower. It refers to the practice of lending money for any length of time on the understanding that the borrower would return to the lender at the end of this period the amount originally lent together with an increment in consideration of the lender having granted him time to pay. The increment was known as riba al-nasia. It was in vogue in Arabia in the days of the Prophet Muhammad.

Banking instrument of the early Muslim period. It was a payment order to draw money from the bank.


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