Kinds of Riba
Issue No.1766- The practice of Usury is haram, and it is of two kinds: 1) Usury in loan that will be explained, InshAllah, in the section dealing with loans. 2) Usury in transaction; this means to sell a quantity of a commodity which is sold by weight or volume at a higher rate against the same type of commodity, such as selling three kilos of wheat for 31⁄2 kilos of wheat. In Islamic narrations, usury has been extremely advised against and is considered a major sin.
