Riba


Also found in: Dictionary, Acronyms, Encyclopedia, Wikipedia.

Riba

The Arabic word for "excess," which is used as a byword for interest. The Quran explicitly prohibits Muslims to receive or take riba; many Muslims believe this forbids them from taking advantage of financial products based on interest. Because this removes most conventional products, Islamic finance was developed to offer an alternative, though critics contend these products still accumulate riba because they imitate "regular" finance.
References in periodicals archive ?
The RIBA North East Award is just the latest accolade for North Tyneside's Spanish City, which opened 110 years ago and has been brought back to life by a PS10m restoration project, PS3.47m of which came from the Heritage Lottery Fund and PS2.5m from a Coastal Communities grant.
All shortlisted buildings will be assessed by a regional jury with the winning buildings announced at the RIBA North West Awards evening and reception on May 8 at Manchester School of Art.
RIBA Yorkshire judging panel chair, Stephen Hill, said: "The range of excellent projects entered for this year's RIBA Awards mirror the diversity of Yorkshire itself.
Following the discussion, the audience heard remarks from Ben Derbyshire, president of the RIBA, who spoke of the RIBA Award given to EAA for the design of the Sancaklar Mosque, presenting it as a great example of the new paradigm in religious architecture.
The shortlist for the RIBA Stirling Prize for the best building of the year will be drawn from the RIBA National Award-winning buildings later in the year.
Samir broke Riba with a 20 point rally and brilliant passing shots to lead 4-3 and was broken back for four-game each.
ISLAMABAD: Pakistani pair, Aqeel Khan and Shahzad Khan, have won the doubles title in ITF Futures Tennis Tournament 2017 held in Islamabad by defeating opponents Luke Pavlovic of France and Pere Riba of Spain in straight sets.
In the final, Aqeel and Shahzad will lock horns with France's Luka Pavlovic and Pere Riba of Spain who upset second seed pairing of Austria's Peter Goldsteiner and Julian Onken of Germany 7-6 (4), 6-3 in the other last-four doubles match.
RIBA testing confirmed positive test results for 323 participants, while 105 patients had negative test results, and 49 received indeterminate test results.
All the internal processes, procedures and financial transactions in the Islamic banking are done in compliance with the rules given in Quran and Hadith, unlike the conventional banking which solely operates on "interest", or "Riba" "usury".
The plans are to be unveilled as part of an RIBA exhibition at its new national architecture centre, RIBA North, which opens in August at Mann Island.
The R&D department at Riba Composites has introduced MSC Nastran Nonlinear (Sol400) and MSC Apex to broaden the range of analysis capabilities for composite components.