Limit search to available items
Book Cover
Book
Author Saeed, Abdullah.

Title Islamic banking and interest : a study of the prohibition of riba and its contemporary interpretation / by Abdullah Saeed
Edition Second edition
Published Leiden, The Netherlands ; New York : E.J. Brill, 1996

Copies

Location Call no. Vol. Availability
 MELB  332.1 Sae/Iba  AVAILABLE
Description 170 pages
Series Studies in Islamic law and society, 1384-1130 ; v. 2
Studies in Islamic law and society. 1384-1130 ; v. 2
Contents I. Development of Islamic Banks -- II. Riba in the Qur'an, Sunna and Fiqh -- III. Interpretation of Riba in the Modern Period -- IV. Profit and Loss Sharing: Mudaraba and Musharaka -- V. Murabaha Financing Mechanism -- VI. Deposits and Depositors -- VII. Religious Supervisory Boards and Islamic Banking -- VIII. Islamicity of Islamic Banking: Riba and Ijtihad
Summary This important book critically examines the traditional interpretation of riba (translated as usury or interest) and the attempts of modern Islamic banks to put that interpretation into practice. The first part of the book discusses the prohibition and interpretation of riba in Islam, as well as the controversies surrounding it. The second part examines the alternatives to interest-based financing utilised in Islamic banking and the problems associated with such alternatives with particular focus on mudaraba, musharaka and murabaha. The book questions the legalistic approach to the interpretation of riba and argues for a moral understanding of the issue in light of the authoritative texts of Islam and the lessons learnt from the Islamic banking experiment
Bibliography Includes bibliographical references (pages 153-164) and index
Notes English
Subject Murābaḥah.
Banking law (Islamic law)
Interest (Islamic law)
Banks and banking -- Religious aspects -- Islam.
LC no. 96005111
ISBN 9004105654 (cloth) (alkaline paper)