The Islamic Finance and the Riba: Their fundamental nature and intellectual basis
by Zubair Kareem
US$16.68
Islam is a comprehensive religion. For a faithful, it provides guidance in every aspect of living, including financial matters. Unlike most religious practices between a faithful and the Almighty God, financial matters have direct involvement or impact upon other human beings. Finance or business is a common mean of people’s livelihood, and indirectly it may impact every other person. To streamline its operation and to avoid conflicts, every religion or a political system provides at least some financial regulations. While there is global agreement about some financial rules, many others can be specific to a particular location or a society. Similarly, there are financial rules and regulations applicable to Muslims, wherever they reside, both in an Islamic or a non-Islamic state. The foremost financial issue for any Muslim is the concept of Riba. This book provides Islamic basis of financial rules and regulations, especially the concept of Riba. To help a reader, either novice or not well-versed in Islam, an outline of its intellectual basis is also provided. This may help to understand the formulations and basis of Islamic rules. There is no sectarian tilt or emphasis on a particular school of thought. The book is written for anyone interested in Islam, especially its application to a practical matter like business and finance.
Paperback · 288 pages · English · Independently Published · ISBN 9798770964998
