Interest in Islamic Economics : Understanding Riba book cover
1st Edition

Interest in Islamic Economics
Understanding Riba

ISBN 9780415589352
Published July 6, 2010 by Routledge
158 Pages

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Book Description

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.

Table of Contents

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


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'The volume is a useful reference for anyone wishing to understand the Koranic roots of the prohibition of interest, and of how this evolved in the four main schools of Islamic law.' - Middle Eastern Studies


'This book is comprehensive; it consists of scholarly papers and it is a must read for all students of Islamic economics and finance. The editor deserves our compliments for doing a good job in presenting all the angles on the debate of interest.'  - Muhammad Akram Khan, The Muslim World Book Review, 2009