Interest in Islamic Economics

Understanding Riba

By Abdulkader Thomas

Price: $140.00

Add to Cart

About the Book

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.

Reviews

'The volume is a useful reference for anyone wishing to understand the Koranic roots of the prohibition of interest, and of how this evolved in the four main schools of Islamic law.' - Middle Eastern Studies

Table of Contents

Introduction 1. Riba in Lisa Al Arab 2. In the Shadow of Deuteronomy 3. The Juridical Meaning of Riba 4. An Overview of the Sharia'a Prohibition of Riba 5. The Modern Debate over Riba in Egypt 6. Why has Islam Prohibited Interest 7. An Attempt to Understand the Economic Wisdom (Hikma) in the Prohibition of Riba 8. What is Riba. Appendix: The Challenges in Pakistan