Riba
Meaning:
'Riba' is an Arabic word. It means increase, addition, expansion or growth.
In Banking and economic scenario, it means the additional amount which a lender recovers from the borrowers according to the fixed rate over and above the principal sum.
'Riba' is an Arabic word. It means increase, addition, expansion or growth.
In Banking and economic scenario, it means the additional amount which a lender recovers from the borrowers according to the fixed rate over and above the principal sum.
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