Riba Al-Nasiah or Riba of delay is due to an exchange of money today for more at a later date. Interest, in all modern banking transactions, qualifies as Riba Al-Nasiah.
« Back to Glossary IndexRiba Al-Nasiah or Riba of delay is due to an exchange of money today for more at a later date. Interest, in all modern banking transactions, qualifies as Riba Al-Nasiah.
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