The prohibition of the payment or receipt of interest is one economic principle of Islam that has received particular attention.

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Prohibition of interest or riba, is an important economic principle in Islam which is mentioned in the Holy Quran and Hadith. According to Islamic jurisprudence, the payment or receipt of interest is considered haram (forbidden). Instead, Islamic finance promotes profit sharing, risk sharing, and other Shariah-compliant financial practices.

The Prohibition of the Payment or Receipt of Interest Is