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