When is the earliest mention of the word iba in the Arabic language?
This was selected as Best Answer The word Riba (interest) is mentioned not in the Arabic Language but in the Holy Quran and the Sunna of Prophet Muhammed PBUH so the reason that makes against Riba is: Riba is one of those unsound (fasid) transactions which have been severely prohibited (nahyan mughallazan). It literally means increase… However, in fiqh terminology, riba means an increase in one of two homogeneous equivalents being exchanged without this increase being accompanied by a return. It is classified into two categories. First, riba al-nasi’ah where the specified increase is in return for postponement of, or waiting for, the payment; for example, buying an irdab (a specific measure) of wheat in winter against an irdab and a half of wheat to be paid in summer. As the half irdab which has been added to the price was not accompanied by an equivalent value in the commodity soled and was merely in return for the waiting, it is called riba al-nasi’ah. The second category is riba a
