Author: Anwar Iqbal QureshiPublisher: Kitab BhavanYear: 2003Language: multilingualPages: 228ISBN/UPC (if available): 8171513360
Credit is an essential human necessity and Islam has endeavored to fulfill this need through Ethics instead of Law. According to Islamic Faith, interest can never result in any national good of worldly prosperity. This work deals with this philosophy in a scholarly spirit.Author has divided his book into six chapters. In the first chapter, explaining the Western viewpoint about interest, he has fully exposed the weaker aspects of all the theories of interest which have been propounded so far. In the second chapter, he has stated the Islamic theory of interest while the third chapter is devoted to a discussion on the origin of usury and interest. In the fourth chapter, he has elucidated the prohibition of banking system from the Islamic standpoint and has convincingly proved that this Islamic standpoint and has convincingly proved that this Islamic injunction is also technically true. In the fifth chapter, He has mentioned the Repercussions of profit and interest on human Society while the sixth chapter deals with the evil effects of interest. On the one hand economic arguments have been incorporated in every chapter and on the other the most up-to-date Western theories have been cited in support of his thesis.
ForewordIntroductionAuthor’s PrefaceCHAPTER IWestern Theories of InterestCHAPTER IIThe Islamic Theory of InterestCHAPTER IIIInterest-UsuryCHAPTER IVIslam and Prohibition of Banking BusinessCHAPTER VThe Effects of Usury on SocietyCHAPTER VIThe Effects of Fixed Interest - Bearing Loans on BusinessIndex