[PDF.29bu] The Concept of Riba and Islamic Banking

The Concept of Riba and Islamic Banking

[PDF.cn21] The Concept of Riba and Islamic Banking

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 | #6661268 in Books |  2016-12-22 | Original language:English |  9.00 x.52 x6.00l, | File type: PDF | 228 pages

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Riba (Usury), call it bank-interest if you like, is prohibited by the texts of the Qur'an and the Sunnah. This was the conclusion drawn unanimously by the Muslim jurists (fuqaha'); and it is also the decisive view of the vast majority of modern Muslim scholars. Despite this general agreement, a confusion persists in the minds of many, jurists and laymen alike, that even though some forms of interest are prohibited, the simple interest charged by banks may not be ...

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