Those who equate riba with interest seek support from al-Jassas, who claimed that pre-Islamic Arabia practiced a form of riba where money was lent at a predetermined sum over the principal amount | Siddiqi, Mohammad Nejatullah 1 January 2004 |
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"Riba and Interest in Islamic Banking: an Historical Review" | The Oxford Dictionary of Islam |
Muslims have always agreed that Riba is prohibited.
"Riba and Interest in Islamic Banking: an Historical Review" | Encyclopedia of Islam and the Muslim World |
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However, there is no historical evidence to suggest that riba al-jahiliya also consisted of transactions that were similar to modern loans on interest |