---
title: "What is Riba al-nasiah? | IslamicOpenFinance™"
description: "Riba of deferment: an increase stipulated in return for extra time, most commonly on a loan."
url: https://islamicopenfinance.com/glossary/riba-al-nasiah/
lang: en-GB
source: "IslamicOpenFinance"
---

[Glossary](https://islamicopenfinance.com/glossary/) / [Shariah fundamentals](https://islamicopenfinance.com/glossary/#fundamentals)

Shariah fundamentals

# Riba al-nasiah

Riba of deferment: an increase stipulated in return for extra time, most commonly on a loan.

Riba al-nasiah is the form of riba linked to deferment. IFSB-24 describes it as an increase in return for deferment in a qard, or loan, contract. It covers a lender stipulating repayment above the principal and charging more for extending the due date of a debt. It is the form of riba most directly relevant to conventional interest.

## Sources

- [IFSB-24 Guiding Principles for Investor Protection in Islamic Capital Markets, 2020: prohibition of interest: riba al-nasiah](https://www.ifsb.org/wp-content/uploads/2023/10/IFSB-24_En.pdf)

This entry explains a term; it is not a Shariah ruling. Approving a product is for each institution's own Shariah board and regulator.

## Related terms

[**Riba** An increase over principal that Shariah prohibits: extra stipulated on a loan, or an unequal exchange of certain like-for-like goods.](https://islamicopenfinance.com/glossary/riba/) [**Riba al-fadl** Riba of excess: an unequal exchange of the same kind of certain goods, such as gold for a larger quantity of gold.](https://islamicopenfinance.com/glossary/riba-al-fadl/) [**Qard** A loan of money to be repaid in an equivalent amount; any benefit stipulated for the lender is riba.](https://islamicopenfinance.com/glossary/qard/) [**Bay al-muajjal (deferred-payment sale)** A sale in which the goods are delivered now and the price is paid later, in one sum or in instalments.](https://islamicopenfinance.com/glossary/bay-muajjal/)

**Shariah fundamentals**

1. [Riba](https://islamicopenfinance.com/glossary/riba/)
2. [Gharar](https://islamicopenfinance.com/glossary/gharar/)
3. [Maysir](https://islamicopenfinance.com/glossary/maysir/)
4. [Shariah](https://islamicopenfinance.com/glossary/shariah/)
5. [Fiqh al-muamalat](https://islamicopenfinance.com/glossary/fiqh-al-muamalat/)
6. [Maqasid al-Shariah](https://islamicopenfinance.com/glossary/maqasid-al-shariah/)
7. [Riba al-fadl](https://islamicopenfinance.com/glossary/riba-al-fadl/)
8. [Al-ghunm bil-ghurm](https://islamicopenfinance.com/glossary/al-ghunm-bil-ghurm/)

[All 221 terms](https://islamicopenfinance.com/glossary/)