Shariah RFP M1 Practice Questions - MFPC Shariah RFP Module 1 - Fundamentals Of Shariah Financial Planning (Malaysia) Exam

What is the primary translation and definition of the term 'Riba' in Islamic finance?

Uncertainty or ambiguity in a trade contract Excess, increase, or addition over the principal without any counter-value Gambling or games of chance Buying and selling of non-existent items

Correct Answer:

Excess, increase, or addition over the principal without any counter-value

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