All about Riba'

Literally, riba means ...................................

• improve

• exist

• increase

• return

Usury that occurs in lending and borrowing is called riba' buyu'

• True

• False

What type of riba' that occurs in virtue of deferment at the time of exchange?

• Riba Jahiliah

• Riba Fadl

• Riba' Nasiah

• Riba Qard

These are six (6) ribawi materials mentioned in hadith EXCEPT ..............................

• dates

• silver

• salt

• corn

Exchanging of 1 kg of wheat for 1.1 kg of wheat on 12 March 2020 at the same time is ...............

• riba fadl

• riba buyu'

• riba yad

• riba jahiliyyah

Riba qard is charged to borrower when the payment of loan is in default.

• True

• False

10g of silver for RM100 with payment and delivery made after 30 days. Evaluate the type of riba.

• Riba qard

• Riba nasiah

• Riba jahiliyyah

• Riba fadl

The following are negative effects of riba are as follows EXCEPT.....

• Unfair distribution of wealth

• Discourages Innovation

• All the answers are correct

• Transfer of real assets to the lenders

Riba is post-determine income, which the amount is known after the activity is done.

• True

• False

One of three (3) elements of riba are determination of this surplus in relation to time.

• True

• False