Islamic Banking and Interest
A Study of the Prohibition of Riba and its Contemporary Interpretation
Series: Studies in Islamic Law and Society; 2;
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51 014 Ft (48 585 Ft + 5% VAT)
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Product details:
- Publisher BRILL
- Date of Publication 9 August 1999
- ISBN 9789004105652
- Binding Hardback
- No. of pages172 pages
- Size 235x155 mm
- Weight 408 g
- Language English 0
Categories
Short description:
A critical study of the interpretation of riba in Islam, the attempts of Islamic banks to put the interpretation into practice, the problems associated with these attempts and an argument for rethinking the interpretation.
MoreLong description:
This important book critically examines the traditional interpretation of riba (translated as usury of interest) and the attempts of modern Islamic banks to put that interpretation into practice. The first part of the book examines the prohibition and interpretation of riba in Islam, as well as the controversies surrounding it. The second part examines the alternatives to interest-based financing utilised in Islamic banking and the problems associated with such alternatives with particular focus on mudaraba, musharaka and marabaha. The book questions the legalistic approach to the interpretation of riba and argues for a moral understanding of the issue in the light of the authoritative texts of Islam and the lessons learnt from the Islamic banking experiment.
'...we have this fascinating and entertaining collection of portraits from 'bb?sid life made available in English...'
David Thomas, Islam & Christian-Muslim Relations, 1999.
'?not only a very important contribution to the field of Islamic law, but is also an important contribution to the ongoing discussion about Islam and islamization.'
N. Aby Zayd, Bibliotheca Orientalis, 2000.
Table of Contents:
A critical study of the interpretation of riba in Islam, the attempts of Islamic banks to put the interpretation into practice, the problems associated with these attempts and an argument for rethinking the interpretation.
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