What is Riba? | What is the difference between interest and Usury | Riba in Islam

Usury is the act of lending money at an interest rate that is considered unreasonably high or that is higher than the rate permitted by law. Usury first became common in England under King Henry VIII and originally pertained to charging ANY AMOUNT of interest on loaned funds. Over time it evolved to mean charging excess interest, but in some religions and parts of the world charging any interest is considered illegal.” And they explain: “Charging interest on loans is not a new concept, but in 16th-century England, limitations were put on the amount of interest that one could legally charge on a loan.”
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Watch the full video here: • The Best Lecture on Un...
Is Riba the same as Interest and Usury?
What are the different names and types of Riba?
Was Riba prohibited only against the poor?
Why did they say {A Sale is like Riba}?
Is Qard an exception to Riba?
Was Riba only at repayment time and not from the beginning?
Was it a contradiction for The Prophet (PEACE BE UPON HIM) to have stated that Riba is only in deferment?
Does Riba take place in everything?
What is the Riba that is Halal?
Can you repay your debts early and repay less?
About Mr.Nizar Alshubaily:
Specialist Islamic Banking, Investment Management
Nizar Alshubaily is a banker with thirty years of experience in Asset Management, Islamic Banking, Corporate Finance, and Financial Products Structuring.
He has worked in London, Saudi Arabia, Bahrain, and Dubai for institutions such as Deutsche Bank, Al Rajhi Bank, and The National Commercial Bank of Saudi Arabia. He has trained at J.P. Morgan New York, London Business School, and IMD in Lausanne, Switzerland.
He had held several senior-level positions such as Head of Asset Management, General Manager, Board Member, and CEO during his career.
He writes on Islamic Economy, History, Archaeology, and Heritage.
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[@roberthannah7983]

I appreciate Mr. Alshubaily's exposition of the difference between riba and the deferred markups on Islamic bank funding transactions. The latter can be classified in sharia as permissible buy/sell/trade. However one comes away from this asking - what is the ethical underpinning of this distinction? It appears to simply be a legalistic construction of scholars - there being no discussion of deferred markups in fundamental sources. In the Islamic bank transaction the bank is being compensated for providing the funding as it should be (the time value of money), as in an interest based loan.

[@ShameenYakubu]

Look at the structure of loans from regular banks vs Islamic banks. The structures are identical the Islamic banks just use different words, terms, and language. The truth is the popular Islamic Quran interpretation of “riba” is inaccurate and too broad. It would apply more to loan sharking or unethical business practices. One sided and exploitative agreements.

[@qazawatzirak5048]

But he didn't even explain what Riba is

[@humanpeace3254]

So confusing. Show some simple explanation on riba