Riba in the Period of Ignorance**
In the time before Islam, known as the period of ignorance (Jahiliyyah), several types of
transactions were considered "riba," which means usury or unfair gain. Here are some examples:
1.Deferred Payment with Extra Charges::
Qatada explained that if a person borrowed something and couldn't return it on time, they were
given more time but had to pay extra for the delay.
2. Loan with Added Interest :
Mujahid mentioned that when someone took a loan and needed more time to repay it, they
promised to pay back more than they borrowed as a condition for the extra time.
3. Loans with Agreed Extra Payment:
Abu Bakr Jassaas said that people would lend money to each other and agree that the borrower
would pay back the loan plus an extra amount after a certain period.
4. Fixed Monthly Interest
In the time before Islam, known as the period of ignorance (Jahiliyyah), several types of
transactions were considered "riba," which means usury or unfair gain. Here are some examples:
1.Deferred Payment with Extra Charges::
Qatada explained that if a person borrowed something and couldn't return it on time, they were
given more time but had to pay extra for the delay.
2. Loan with Added Interest :
Mujahid mentioned that when someone took a loan and needed more time to repay it, they
promised to pay back more than they borrowed as a condition for the extra time.
3. Loans with Agreed Extra Payment:
Abu Bakr Jassaas said that people would lend money to each other and agree that the borrower
would pay back the loan plus an extra amount after a certain period.
4. Fixed Monthly Interest
