The Institute of Islamic Banking (IIB) would like to invite you all to a research seminar titled, 'Prohibition of Interest and Interest Free Banking.'

Following sub topics would be covered during the lecture:

• Definition, significance


• Business instruments


• Riba in Islam


• Meaning, types of Riba and elements of Riba


• Difference between Riba and business trade


• Differences between Riba and profit


• Effects of Riba

The speaker will clarify the concept of Riba by its definition and illustration of its ingredients and its types; thus differentiating between Riba-al-Fadl and Riba-al-Nasia, Riba and sale, Riba and profit, Riba and ghabn fahish and the property where Riba can be found. It will be supported with the evidences from Holy Quran and Hadith. If time period allows, then the underlying cause of Riba according to different Muslim jurists will be discussed with question/answer session at the end.