What does RIBA mean in Banking?

This page is about the meanings of the acronym/abbreviation/shorthand RIBA in the Business field in general and in the Banking terminology in particular.

Regional Investment Bankers Association

Business » Banking


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What does RIBA mean?

Riba means Interest. Riba is forbidden in Islamic economic jurisprudence and considered as a major sin. Simply, unjust gains in trade or business, generally through exploitation. There are two types of riba discussed by Islamic jurists: an increase in capital without any services provided and speculation, which is prohibited by the Qur'an, and commodity exchanges in unequal quantities, also prohibited in the Qur'an.

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"RIBA." Abbreviations.com. STANDS4 LLC, 2016. Web. 25 Aug. 2016. <http://www.abbreviations.com/term/371132>.