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    Interest in Islamic Economics Understanding Riba

    ISBN-10: 0415342422
    ISBN-13: 9780415342421
    Edition: 2004
    Description: 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 Quran is long overdue. This text presents readers with various interpretations of this  More...
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    Copyright Year: 2004
    Publisher: Routledge
    Publication Date: 2/9/2006
    Binding: Hardcover
    Pages: 176
    Size: 6.25" wide x 9.50" long x 0.50" tall
    Weight: 0.792
    Language: English

    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 Quran 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: linguistics classical judicial analysis the historical contextnbsp; modern economics. 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.

    Notes on contributors
    Preface
    Acknowledgments
    List of abbreviations
    Introduction to understanding riba
    Riba in Lisan Al Arab
    In the Shadow of Deuteronomy: approaches to interest and usury in Judaism and Christianity
    The juridical meaning of riba
    An overview of the Sharia'a prohibition of riba
    The modern debate over riba in Egypt
    Why has Islam prohibited interest? Rationale behind the prohibition of interest
    An attempt to understand the economic wisdom (hikma) in the prohibition of riba
    What is riba?
    The challenges in Pakistan
    Bibliography
    Index

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