With Islamic banking gradually becoming a more influential factor in the West, an analysis of the concept of riba - a definition of which is not given in the Qur'an - is long overdue. This text presents readers with various interpretations of this Islamic economic concept - generally perceived as 'interest'. Thomas provides a framework for understanding riba by examining: * linguistics * classical judicial analysis * the historical context * modern economics. Including contributions from prominent international scholars, the book fills a gap in the existing literature and will be welcomed by academics and professionals with an interest in Islamic studies, economics and legal history.
The Book of Riba (proposed new title: Understanding Riba) Table of Contents Introduction - by Sh. Yusuf Talal DeLorenzo Chapter 1: Riba in Lisan Al Arab, translators Abdulkader Thomas and Ruba Alfattouh Chapter 2: In the Shadow of Deuteronomy, Vincent Cornell Chapter 3: The Juridical Meaning of Riba, Sh. Wahba Al Zuhaili, translators Iman Abdul Rahim and Abdulkader Thomas Chapter 4: An Overview of the Sharia'a Prohibition of Riba, Emad H. Khalil Chapter 5: The Modern Debate over Riba in Egypt, Emad H. Khalil with Abdulkader Thomas Chapter 6: Why has Islam Prohibited Interest, M. Umer Chapra Chapter 7: An Attempt to Understand the Economic Wisdom (Hikma) in the prohibition of Riba, Mahmoud A. El-Gamal Chapter 8: What is Riba, Abdulkader Thomas Appendix: The Challenges in Pakistan, M. Akram Khan with Abdulkader Thomas