The Concept of Riba and Islamic Banking

by Imran Ahsan Khan Nyazee

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...

• Format: Paperback
• Language: English
• ISBN: 154124561X
• ISBN13: 9781541245617
• Release Date: December 2016
• Publisher: Createspace Independent Publishing Platform
• Length: 230 Pages
• Weight: 0.69 lbs.
• Dimensions: 0.5" x 6.0" x 9.0"