Interest-bearing debt

Selling for more than cash price: is it Riba? [Article + Video]

In this video I analyze the process of selling an item on credit for a price that is greater than the cash price of the item. Specifically, I examine whether or not there is riba or interest in such a practice. I then respond to counter-arguments that are frequently presented in response to the conclusion I make.

3 Reasons Why Mudarabah Financing is More Ethical Than Loans

When associating a particular product with Islamic finance, one must address how the product serves or at least does not run afoul of any ethical considerations. Here are 3 reasons why I think HCM agreements are superior to debt-based financing from an ethical perspective.

3 Ways To Identify Riba

Riba is unique in the strength of the verbiage used in the Quran to prohibit it.
The translation of what Allah SWT says in the Quran, Surah Al-Baqarah, about riba is:
278: O you who believe, fear Allah and give up what remains [due to you] of riba, if you are in truth believers.
279: And if you do not, then be warned of war [against you] from Allah and His Messenger. But if you repent, you may have your principal – [thus] you do no wrong, nor are you wronged.
It seems then rather important for us to be able to identify riba.
In this article, I hope to enable you to do exactly this.
After defining riba, I’m going to share three simple methods you can choose from that should help you when trying to identify Riba.
There are many different definitions and understandings of riba. Based on my research, the definition I’m most convinced with, that has support in the Quran and Sunnah and enjoys the the widest amount of agreement in Muslim scholarship is the following:
Any loan of money which includes a contractual promise of benefit for the lender involves Riba.