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Interest in Islamic Economics

Understanding Riba

By Abdulkader Thomas

Routledge – 2004 – 146 pages

Series: Islamic Studies Series

Purchasing Options:

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    978-0-415-58935-2
    June 22nd 2010
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    978-0-415-34242-1
    December 13th 2005

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 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.

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

Contents

The Book of Riba (proposed new title: Understanding Riba)

Table of Contents

Introduction – by Sh. Yusuf Talal DeLorenzo

Chapter 1: Riba in Lisan Al Arab, translators Abdulkader Thomas and Ruba Alfattouh

Chapter 2: In the Shadow of Deuteronomy, Vincent Cornell

Chapter 3: The Juridical Meaning of Riba, Sh. Wahba Al Zuhaili, translators Iman Abdul Rahim and Abdulkader Thomas

Chapter 4: An Overview of the Sharia’a Prohibition of Riba, Emad H. Khalil

Chapter 5: The Modern Debate over Riba in Egypt, Emad H. Khalil with Abdulkader Thomas

Chapter 6: Why has Islam Prohibited Interest, M. Umer Chapra

Chapter 7: An Attempt to Understand the Economic Wisdom (Hikma) in the prohibition of Riba, Mahmoud A. El-Gamal

Chapter 8: What is Riba, Abdulkader Thomas

Appendix: The Challenges in Pakistan, M. Akram Khan with Abdulkader Thomas

Name: Interest in Islamic Economics: Understanding Riba (Paperback)Routledge 
Description: By Abdulkader Thomas. 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...
Categories: Middle East Studies, Middle East Economics, Islam - Religion