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riba is not interest

Reader comment on item: Islamic Economics: What Does It Mean?
in response to reader comment: Our dear Bob Hannah: Islam and al-Riba means Interest!

Submitted by Bob Hannah (Canada), Jan 12, 2020 at 23:38

On reading your comments in more detail "no one had a clue" (what riba meant) - "the Quran is confusing" , "the prophet was not an economist", and of course Caliph Umar (companion) is said to have remarked that the prophet did not explain riba before he died - I think you make my case rather well that we cannot categorically assert that riba is the same as interest in modern financial markets.


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