Basics Of Riba
Umair, unfortunately ABC’s can’t encompass everything 😊. In short, riba is defined as demand for an excess amount on a loan , and it’s only applicable on consumable items (money, grain, etc.) Islamically there’s no prohibition for the borrower. As a personal advise, however, to a young man like you I must add that one should avoid borrowing if possible until responsible spending has been learnt.