Muslims have always agreed that Riba is prohibited | |
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"Riba and Interest in Islamic Banking: an Historical Review" | Siddiqi, Mohammad Nejatullah 1 January 2004 |
Those who equate riba with interest seek support from al-Jassas, who claimed that pre-Islamic Arabia practiced a form of riba where money was lent at a predetermined sum over the principal amount.
981] no date , Ahkam al-Quran, V | "Riba and Interest in Islamic Banking: an Historical Review" |
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However, there is no historical evidence to suggest that riba al-jahiliya also consisted of transactions that were similar to modern loans on interest |
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