Interest in Islamic Economics: Understanding Riba

1st Edition

Abdulkader Thomas

Routledge
Published June 23, 2010
Reference - 146 Pages
ISBN 9780415589352 - CAT# Y110141
Series: Routledge Islamic Studies Series

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Summary

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:

  • linguistics
  • classical judicial analysis
  • the historical context 
  • 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.

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