What is Riba in Islam? Meaning, Definition, Types and Examples - AIMS Education

Riba is an unjustified increment in borrowing or lending money, paid in kind or in money above the amount of loan, as a condition imposed by the lender or voluntarily by the borrower. We also explain how riba is different from other forms of interest and how it is applied in the context of Islamic banking and finance. The video also explains the types of riba (Riba An Nasiyah and Riba Al Fadl), with examples.
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0:00 Introduction
0:19 What is Riba?
1:54 Prohibition of Riba in Quran and Hadith
3:33 Classification of Riba
5:29 Difference between Trade and Interest
6:04 Shariah Rules Regarding Loans