The literal meaning of interest or Al-RIBA as it is used in the Arabic language means to excess or increase. In the Islamic terminology interest means effortless profit or that profit which comes free from compensation or that extra earning obtained that is free of exchange. Hazrat Shah Waliullah Dehlvi a great scholar and leader has given a very concise and precise definition of interest. He says,

CHALLENGES OF THE ISLAMIC UMMAH

The financial crisis is yet another threat facing the Islamic ummah. Whether we can avoid being dragged down by this crisis or we can minimize the effect will depend much on us.

adadiyyah-Countables

`adl-`Adl is a general term which conveys the meanings of justice

bay` `ajil bi-ajil --Lit.Delayed-for-immediate sale.

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