Interest in Islamic Economics

Understanding Riba

By: Abdulkader Thomas

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Paperback | 23 June 2010 | Edition Number 1

At a Glance

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160 Pages

Dimensions(cm)
23.4 x 15.6 x 0.86

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With Islamic banking gradually becoming a more influential factor in the West, an analysis of the concept of riba â" a definition of which is not given in the Qurâan â" is long overdue. This text presents readers with various interpretations of this Islamic economic concept â" generally perceived as âinterestâ. 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.

Industry 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 'This book is comprehensive; it consists of scholarly papers and it is a must read for all students of Islamic economics and finance. The editor deserves our compliments for doing a good job in presenting all the angles on the debate of interest.' - Muhammad Akram Khan, The Muslim World Book Review, 2009

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