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 Quran 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 contextnbsp; 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 definition of the Islamic notion of riba is not offered in the Qur'an and Interest in Islamic Economics offers the reader various understandings of this Islamic economic concept. With Islamic banking becoming a more influential factor in the West, an analysis of the concept of riba - generally perceived as interest - is long overdue. This book provides a framework for understanding riba by examining: · Linguistics · Classical judicial analysis · The historical context · Modern Economics Interest in Islamic Economicsincludes contributions from international scholars who are prominent within their fields. This book is essential reading for academics and professionals with interests in Islamic studies, Economics and Legal History. Abdulkader Thomas is President and CEO of SHAPE Financial Corporation which offers Islamic financial products and solutions to US banks. He has 20 years of diversified financial services experience and is a graduate ofthe Fletcher School of Law & Diplomacy in international trade and the University of Chicago in Arabic & Islamic studies.The definition of the Islamic notion of riba is not offered in the Qur'an and Interest in Islamic Economics offers the reader various understandings of this Islamic economic concept. With Islamic banking becoming a more influential factor in the West, an analysis of the concept of riba - generally perceived as interest - is long overdue. This book provides a framework for understanding riba by examining: Linguistics Classical judicial analysis The historical context Modern Economics Interest in Islamic Economicsincludes contributions from international scholars who are prominent within their fields. This book is essential reading for academics and professionals with interests in Islamic studies, Economics and Legal History. Abdulkader Thomas is President and CEO of SHAPE Financial Corporation which offers Islamic financial products and solutions to US banks. He has 20 years of diversified financial services experience and is a graduate ofthe Fletcher School of Law & Diplomacy in international trade and the University of Chicago in Arabic & Islamic studies.
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