FatwaFederal TerritoriesTransactions & Finance
AL-KAFI # 1847: JENIS-JENIS RIBA DI SISI MAZHAB SYAFIE
What are the types of riba according to the Shafi'i school, and is buying gold by instalments considered riba?
Short answer
Riba arises in the sale of ribawi items, namely currency and foodstuffs, when the conditions set by the Shariah are not met.
A reference, not a fatwa. First sentence of the summary below — read the original fatwa and consult your state authority before acting.
- Authority
- Federal Territories Mufti Office
- Date
- Status
- Opinion (irsyad)
- Series
- Al-Kafi li al-Fatawi
- Topic
- Transactions & Finance
No evidence of gazettement in the source — this is not a gazetted fatwa.
Summary
Riba arises in the sale of ribawi items, namely currency and foodstuffs, when the conditions set by the Shariah are not met. The two main conditions are equal quantity for goods of the same kind and immediate handover within the same session. The Shafi'i school divides riba into three types: riba al-fadl (unequal quantities of the same kind), riba al-nasiah (a condition of deferred delivery or payment) and riba al-yadd (delayed handover even without a deferral condition). When the goods differ in kind, such as gold and ringgit, the quantities may differ but the exchange must be immediate.
Written in our own words from the original fatwa — check the source before acting on it.
Riba hanya berlaku dalam jual beli yang melibatkan item ribawi seperti yang disebutkan dalam hadis 'Ubadah dan perkara yang mempunyai elemen yang sama dengannya sekiranya tidak menepati syarat-syarat yang telah ditetapkan Syarak.
Read the full fatwa on the Federal Territories website (new tab)
How to cite
Cite the original fatwa and its authority. Rujuk Fatwa is only where you found it.
Federal Territories Mufti Office. “AL-KAFI # 1847: JENIS-JENIS RIBA DI SISI MAZHAB SYAFIE”, 7 December 2021. https://muftiwp.gov.my/ms/artikel/al-kafi-li-al-fatawi/5078-al-kafi-1847-jenis-jenis-riba-di-sisi-mazhab-syafie. Found via Rujuk Fatwa: https://rujukfatwa.com/en/fatwa/types-of-riba-shafii-school/