Riba

Riba is Arabic term defined for usury or interest. The word Riba means excess, increase or addition. According to Islamic terminology, interest means effortless profit which comes free from compensation or in the simple meaning, any excess compensation without due consideration. Any positive, fixed, predetermined rate tied to the maturity and the amount principal is considered Riba and is prohibited in Islamic financial systems. This prohibition is based on an arguments of social justice, equality

A Critique of Today’s Process of Ijtihad Recent achievements in Islamic banking do not indicate an advance in the jurists interpretation of riba. Writings on riba have been extensively concerned with the expositions of riba, but with disquisitions about riba. Thought about riba, and any other Qur’anic penetrative codes, must be a story of movements in outlook and ever-changing ideas, and developments taking place in contemporary social sciences. Its province is destined by God, may he be exalted

a clear brief from the client. In order to obtain or write a clear brief it is advisable to follow a recognised process. An example of this would be the Royal Institute of Building Architects(RIBA). In 2013 the RIBA plan of work became the ultimate process for the building and construction industry. The RIBA Plan has eight stages defined as 0-7 and eight task bars as shown on the next page. It is recognised in industry that stage 7 is linked to stage 0 of the next project you complete. This is because

addition, when the lenders or financial institutions practices riba-based system, it will give a great blow to the poor or the needy due to the compounding effect of the interest. Lending riba-based loans will exploit the poor as it will result in more poverty and reducing their future earnings. This is because the longer the borrowers cannot pay the loan; the higher amount of loan will be due to its interest. On the other hand, riba-based loans make the rich lenders richer because they gain the

Riba (Interest) as a cause of Imbalance Society and its Islamic Perspective Dr. Irfan Khalid Assistant Professor Department of Islamic Studies Federal Urdu University of Arts Science and Technology Islamabad, Pakistan irfan.khalid33@yahoo.com Abstract: The prosperity and peace of a society much or less depends on its economy. While for the smooth running of both, there are several instructions in Islamic Shariah and allows what is right and forbids what is wrong. When we talk about financial

Table of Contents INTRODUCTION TO THE RIBA PLAN OF WORK 1 CASE STUDY 2 INCEPTION 3 Brief 3 FEASIBILITY STUDY 3 OUTLINE PROPOSALS 4 SCHEME DESIGN 5 DETAIL DESIGN 6 BILL OF QUANTITIES 6 TENDER ACTION 7 Open tendering 7 Selected tendering 7 Serial tendering 7 Nominated tendering 7 PROJECT PLANNING 8 OPERATIONS ON SITE 9 COMPLETION 9 FEEDBACK 9 CONCLUSION 10 REFERENCE 11 Table of Figures Figure 1: Substructure and Superstructure 4 Figure 3 : DEtailed Cost

Introduction Riba is an additional borrowing and there no justification of receiving money. In terms of Islamic, Riba is illegal or in Islam it is stated as Haram which means the people are forbidden to involve in Riba. Also, Riba have stated in Al-Quran “that which you give as Riba to increase the peoples' wealth but not with God; but that which you give in charity, seeking the goodwill of God, multiplies assorted”. (Surah al-Rum 30:39) also “And for their taking riba even though it was forbidden

Preparation and brief is the first stage of the RIBA plan. For the Core Objectives task in this stage, the project objectives need to be developed including quality objectives and project outcomes, sustainability aspirations, project budget and other parameters or constraints and develop Initial project brief. The feasibility studies should be undertaken as well as the review of site information. Project objectives are the key objectives for the client which are set out in the initial project brief

The RIBA Plan of Work 2013 (Royal Institute Of British Architects, 2013) is a document that was created by architects to aid with the design process of a building. The Plan provides a clear structure within its eight work stages (0-7), the eight work stages outline tasks and outputs that are required at the end of each stage. The Plan of works started in 1963 and has been revised 5 times since then, many contracts are related to or based on the plan of works. Stage 0 Strategic Definition Stage 0

Architects (RIBA) Plan of Work Stages   The RIBA Plan of Work describes the activities from appraising the client’s requirements through to post construction. The stages are also used in the appointment of architects and help to identify consultant services and indicate the resource and fee total by Work Stage. The information below is in accordance with CABE principles (Creating Excellent Buildings: A guide for clients, 2003, CABE and Being involved in School Design, 2004, CABE)) and the RIBA Plan