RISK OF USURY (RIBA)
Description
Usury (Riba), in law, is a payment of interest, by a borrower to a lender for the use of money, gold or silver in excess of the amount fixed by the lender.
The charging of different prices or installment payments, as compared with sales for cash, does not make a transaction usurious. Service charges incurred in making the loan likewise are not usurious, unless they can be shown to be a disguise for excessive interest.