Understanding Islamic Banking

What is الربا in Islam?

• الربا is a form of investment encouraged in Islam.

• الربا is a type of charity in Islam.

• الربا is the prohibition of usury or interest in Islam.

• الربا refers to the practice of giving loans without interest.

Is الربا allowed in Islamic banking?

• الربا is encouraged in Islamic banking.

• الربا is allowed under certain conditions.

• الربا is a common practice in Islamic finance.

• No, الربا is not allowed in Islamic banking.

What does الربا mean in English?

• loan

• usury or interest

• savings

• profit

Why is الربا considered harmful in Islam?

• الربا is a form of charitable giving in Islam.

• الربا is harmful in Islam because it fosters inequality and exploitation.

• الربا encourages fair competition among businesses.

• الربا promotes economic growth and stability.

Can you name an alternative to الربا in Islamic finance?

• Mudarabah or Musharakah

• Stock market investments

• Fixed deposits

• Interest-based loans