Glossary

R

  • Holy month of fasting

    [Ramadan]

    The 9th month of the Islamic calendar in which Muslims fast from sunrise to sundown

    • Arabic: رمضان
  • Interest

    [riba]

    Any increase in a loan or sale transaction that accrues to the lender, seller or buyer, without the provision of an equivalent counter value to the other party. Riba encompasses various types of illicit gain, of which banking interest is one example.

    • Arabic: ربا