Lending out money with interest in Islam is

Assessment: JAMB UTME - Islamic Religious Studies - 2010 Subject: Islamic Studies

Question 1 Report

Lending out money with interest in Islam is
Answer Details
Lending out money with interest in Islam is considered ribā. Ribā is an Arabic term that refers to the practice of charging, paying, or accepting interest fees on loans or transactions. It is strictly prohibited in Islam, as it is seen as exploitation and unjust enrichment at the expense of the borrower. Instead, Islam encourages charitable giving and interest-free loans to help those in need.
Read lesson note on Taharah (purification) (WAEC)
Read lesson note on Salat (WAEC)
View Answer

Related Questions

1

The companion who introduced Islam to North Africa through Egypt was
2

The battle of Badr was fought in the 2nd Year after Hijrah in
3

Zakat is an economic system that de-emphasize
4

The similarity between the Jihad of Uthman b. Fodio and the Prophet?s hijrah in 622 C. E was the
5

The Arabs worshiped idols during the Jahiliyya period because
6

The permission to marry up to four wives in Islam is aimed at
7

‘O Allah! Lord of power (and rule), Thou giveth power to whom thou pleaseth, and thou strippest off power from whom thou pleaseth …’ Q.3:26The verse above de...
8

The core of Muhammad’s (SAW) da’awah in Makkah was on

Download The App On Google Playstore

Everything you need to excel in your exams

Green Bridge CBT Mobile App
Personalized AI Learning Chat Assistant
200,000+ Exam Questions Across IGCSE, JAMB, WAEC & NECO
Over 3,900 Lesson Notes
Offline Support - Learn Anytime, Anywhere
Green Bridge Timetable
Literature Summaries & Potential Questions
Track Your Performance & Progress
In-depth Explanations for Comprehensive Learning