Riba and its forms in early Islamic society

Submitted by Anonymous (not verified) on Thu, 08/22/2019 - 16:08
Year
1986
Country
Pakistan
Language
English
Abstract

Riba (interest) is intrinsic to capitalism. Riba and Capitalism exploit labor and divide society into 'haves' and 'have-nots.' Therefore, riba is a sin and equated to waging war against Allah and the Prophet in al-Qur'an. Riba must be eliminated as part of a country's Islamization. Not only bank interest, but all forms of interest-bearing transactions must be eliminated including share cropping, black market dealing in foreign currencies, and renting houses.

English
ISSN/ISBN
0531-7819
No. of Pages
pp.9-11
Number
11
Volume
17
Select type of work
Name of the Journal
Author(s)
CIS Program Old
CIS publications
No
CIS Thesis
No