Riba and interest
Riba is referred to more than once in al-Qur'an.
Articles
A theoretical justification of Islamic banks
No single development model will work for all lesser-developed countries because of their diversity, though Islamic development strategies may differ in general from non-Islamic strategies. According to Zarabozo, rather than following the Western tradition of economic theory,
Prohibition of interest and Islam
By Islamic law, all forms of interest are banned. Interest is neither commerce nor a profit; it is therefore unallowed. The institution of interest acts to exploit resources and to keep them concentrated in few hands. Seven verses of al-
On the prohibition of riba (interest) and its implications for optimum economic performance
Interest is seen as the additional payment given to owners of capital funds for allowing others to dispose of those funds. Without interest, the capitalist economic system would fall apart.
The debate on Riba and interest in the 20th century
A debate on the nature of Riba is currently raging in the Islamic world. Though the debate is an old one, it has been renewed in the twentieth century with the advent of modern banking in
Information on Islamic Banking and Economics as Represented by Selected Databases
Islamic banking and economics (IBE) information has been searched in 31 selected DIALOG's Online and CD-ROM databases to assess and compare the amount of literature covered by international databases. An analysis of data revealed that the coverage of IBE literature is not available in any one database; rather it is scattered in a number of databases. Each database has unique characteristics in their coverage pattern, therefore researchers in IBE need to search a number of databases for their research purposes.
Abolition of interest as an economic proposition
The drive to establish Islamic economic systems in numerous global locations has visibly grown. In the 1970s little was written on the topic. In the 1980s the volume of publications on Islamic economics has been far greater. As a young field, Islamic economics is not fully understood. While the prohibition of interest is a key element in an Islamic economy, it cannot be said that this element is the totality of the field. The Islamic banking system may effectively be viewed in reference to the neoclassical system of the day. The
Riba and its forms in early Islamic society
Riba (interest) is intrinsic to capitalism.