Islamic Finance & Inheritance

$10,625

$14,167

$14,167

$36,833

$9,208

Riba (ربا) literally means 'increase' or 'addition'. In Islamic law it refers to any unjustified increase in a loan or exchange transaction — most commonly interest on borrowed money. It is one of the most strictly prohibited things in Islam.

"O you who have believed, fear Allah and give up what remains [due to you] of riba, if you should be believers. And if you do not, then be informed of a war [against you] from Allah and His Messenger." (Quran 2:278-279) "Allah has permitted trade and forbidden riba." (Quran 2:275)

**Riba al-Nasiah:** Interest on delayed payment — the most common form (bank loans, credit cards, mortgages). **Riba al-Fadl:** Exchanging the same commodity in unequal amounts (e.g. 1kg gold for 1.1kg gold).

Islamic banks operate on profit-and-loss sharing instead of interest. Your deposit is treated as an investment in the bank's Sharia-compliant activities. Returns are called 'profit share' not 'interest'.

Most scholars allow conventional current accounts (no interest paid/charged) for everyday banking needs when no Islamic alternative exists. Any interest accidentally accrued should be donated to charity — not kept.