Interest in Islamic Economics: Understanding RibaAbdulkader S. Thomas With Islamic banking gradually becoming a more influential factor in the West, an analysis of the concept of riba - a definition of which is not given in the Qur'an - is long overdue. This text presents readers with various interpretations of this Islamic economic concept - generally perceived as 'interest'. Thomas provides a framework for understanding riba by examining:
Including contributions from prominent international scholars, the book fills a gap in the existing literature and will be welcomed by academics and professionals with an interest in Islamic studies, economics and legal history. |
Contents
Riba in Lisan Al Arab | 10 |
The juridical meaning of riba | 26 |
An overview of the Shariaa prohibition of riba | 55 |
Why has Islam prohibited interest? Rationale behind | 96 |
An attempt to understand the economic wisdom | 112 |
What is riba? | 125 |
| 139 | |
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Common terms and phrases
Abdu Abdulkader Thomas according Ahmad Allah argued Article Badawi barley blessings of Allah borrower capital Chapra Commercial Law contract counter-values credit riba currency debate over riba debt debtor delay dirhams dry dates dynamically inconsistent edibility Egypt Egyptian Civil Code exchange fatwa fiqh flour forbidden riba hadith Hanafis Hanbali Ibid Ibn al-Qayyim Ibn Qayyim Ibn Rushd Imam impermissibility increase interest rate investment Islamic banking Islamic Economics Islamic Finance Islamic Law jurists justice kind legal cause lender lending loan Maliki means measured by volume modern mudaraba Muhammad Muslim narrated Pakistan payment peace and blessings percent pre-Islamic profit prohibition of riba Prophet peace qafiz Quran riba al-fadl riba al-jahiliyya riba al-nasi'a ribawi commodities Rida rules Saleh Sanhuri says Schacht scholars schools Shafi'i Sharia'a surplus riba Tantawi trade transactions type of riba Umar usury volume or weight W.M. Ballantyne wheat zakat