Usury (Riba) and the Place of Bank Interest in Islamic Banking and Finance

This paper examines the concept of usury or Riba as was understood at the time of the Prophet of Islam and his contemporaries in Mecca and Medina, and what differing interpretations of the term developed in succeeding centuries in Muslim populated countries of the world. It gives a brief summary of...

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Bibliographic Details
Main Author: M. Zaman
Format: Article
Language:English
Published: Universiti Utara Malaysia 2009-02-01
Series:International Journal of Banking and Finance
Online Access:https://www.scienceopen.com/document?vid=3a894d70-72e0-40fc-b4c3-bf3c17e675fa