What does RIBA mean in Professional Organizations?

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

Rhode Island Builders Association

Business » Professional Organizations

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Definition

What does RIBA mean?

Riba
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, 2014. Web. 17 Sep. 2014. <http://www.abbreviations.com/term/534422>.


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