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Islamic Finance

  Islamic Finance   |   Terms
  • 743
  • July 28, 2021
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Akl Amwal al-Nas bil Batil

An Arabic term (أكل أموال الناس بالباطل) that translates as unlawful acquisition of wealth (mal) or unjust enrichment. It describes a process of illegal wealth acquisition through different means such as qimar, riba, bribery, theft, fraud, etc. It is mentioned in the Holy Quran (literally, “eating or usurping someone else’s property unjustifiably or illegally”) and is strictly forbidden by shari’a.


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