Interest in Islamic Economics

Understanding Riba

By Abdulkader Thomas

© 2004 – Routledge

146 pages

Purchasing Options:
Paperback: 9780415589352
pub: 2010-06-23
US Dollars$54.95
Hardback: 9780415342421
pub: 2005-12-13
US Dollars$168.00

About the Book

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 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

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

About the Series

Islamic Studies Series

This broad ranging series includes books on Islamic issues from all parts of the globe and is not simply confined to the Middle East.



Learn more…

Subject Categories

BISAC Subject Codes/Headings:
BUSINESS & ECONOMICS / Economics / General
HISTORY / Middle East / General
RELIGION / Islam / General
SOCIAL SCIENCE / Regional Studies