ISLAM & INTEREST
Paperback, 177 pages
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Contrary to popular belief,interest, per se, is not prohibited in Islam. What is prohibited is, in Qur'aanic (or Koranic) terminology, Ar-Riba. Many Islamic scholars believe that that this Qur'aanic term is not defined in the Qur'aan and have assumed it, without evidence, to mean interest. But, quoting extensively from the Qur'aan and the Prophet's sayings, the book ISLAM & INTEREST provides evidential and analytical proof that the term is well-defined in the Holy Book itself, and that it broadly covers all economic ills in human societies. The Qur'aanic statement that 'Allah has made business lawful and has prohibited Ar-Riba' is the basic Principle of Islamic Economics.
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