What is 'Riba' and why is it prohibited in Islamic finance?
-
A
Riba means interest or usury; it is prohibited because it is considered exploitative and unjust as it guarantees a return without sharing risk
-
B
Riba means profit sharing; it is encouraged in Islamic finance
-
C
Riba means charitable donation; it is optional in Islam
-
D
Riba means currency exchange; it is banned only in GCC countries