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.
- ISBN13 9781257280148
- Publish Date 14 March 2013
- Publish Status Out of Print
- Out of Print 25 June 2021
- Publish Country US
- Imprint Lulu.com
- Format eBook (OEB)
- Language English