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Islam and the Theory of Interest
Islam and the Theory of Interest

Islam and the Theory of Interest

by Anwar Iqbal Qureshi

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Product ID:11457

Language

multilingual

Publisher

Kitab Bhavan

ISBN

8171513360 - Year: 2003 - Pages: 228

Binding

Paperback

Anwar Iqbal Qureshi
Shipping Note: This item usually arrives at your doorstep in 10-15 days

Author: Anwar Iqbal Qureshi
Publisher: Kitab Bhavan
Year: 2003
Language: multilingual
Pages: 228
ISBN/UPC (if available): 8171513360

Description

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.

Contents

Foreword

Introduction

Author’s Preface

CHAPTER I
Western Theories of Interest

CHAPTER II
The Islamic Theory of Interest

CHAPTER III
Interest-Usury

CHAPTER IV
Islam and Prohibition of Banking Business

CHAPTER V
The Effects of Usury on Society

CHAPTER VI
The Effects of Fixed Interest - Bearing Loans on Business

Index

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