10 questions
Literally, riba means ...................................
improve
exist
increase
return
Usury that occurs in lending and borrowing is called riba' buyu'
True
False
What type of riba' that occurs in virtue of deferment at the time of exchange?
Riba Jahiliah
Riba Fadl
Riba' Nasiah
Riba Qard
These are six (6) ribawi materials mentioned in hadith EXCEPT ..............................
dates
silver
salt
corn
Exchanging of 1 kg of wheat for 1.1 kg of wheat on 12 March 2020 at the same time is ...............
riba fadl
riba buyu'
riba yad
riba jahiliyyah
Riba qard is charged to borrower when the payment of loan is in default.
True
False
10g of silver for RM100 with payment and delivery made after 30 days. Evaluate the type of riba.
Riba qard
Riba nasiah
Riba jahiliyyah
Riba fadl
The following are negative effects of riba are as follows EXCEPT.....
Unfair distribution of wealth
Discourages Innovation
All the answers are correct
Transfer of real assets to the lenders
Riba is post-determine income, which the amount is known after the activity is done.
True
False
One of three (3) elements of riba are determination of this surplus in relation to time.
True
False