With Islamic banking gradually becoming a more influential factor in the West, an analysis of the concept of riba a " a definition of which is not given in the Qura (TM)an a " is long overdue. This text presents readers with various interpretations of this Islamic economic concept a " generally perceived as a interesta (TM). Thomas provides a framework for understanding riba by examining:
- 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.
'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" ""