Rules Concerning Ribā: Ruling on the Scope of Ribā and Its Application Beyond Loans

Practical Laws of Islam as per the teachings of Imam Khamenei

Rules Concerning Ribā: Ruling on the Scope of Ribā and Its Application Beyond Loans

English:

Question #1608:

What are the boundaries of ribā-based transactions? And is it true that ribā is confined to loans?

Answer #1608:

Ribā can arise from selling and buying in the same way it may arise from a loan. Ribā arising from a sale transaction is to sell an item — normally sold by weight/ volume — in exchange for something of the same category in Islamic law plus extra.

-Imam Khamenei, Practical Laws of Islam, Importance and Conditions of Rules Concerning Ribā