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Islamic and Jewish Perspectives on Interest


Joel S. Newman


Wake Forest University - School of Law


Tax Notes, Vol. 89, No. 10, 2000
Wake Forest Univ. Legal Studies Paper No. 1090865

Abstract:     
The payment and receipt of interest is a violation of both Islamic and Jewish law. Yet, one cannot function without borrowing money, and one must pay for the privilege of doing so. Both Islamic and Jewish law have derived ways to allow payments which substitute for interest, without violating their respective religious precepts. This piece analyzes how IRS should view such transactions.

Number of Pages in PDF File: 14

Keywords: Islam, Judaism, interest, taxation

JEL Classification: H20

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Date posted: February 6, 2008  

Suggested Citation

Newman, Joel S., Islamic and Jewish Perspectives on Interest. Tax Notes, Vol. 89, No. 10, 2000; Wake Forest Univ. Legal Studies Paper No. 1090865. Available at SSRN: http://ssrn.com/abstract=1090865

Contact Information

Joel S. Newman (Contact Author)
Wake Forest University - School of Law ( email )
P.O. Box 7206
Winston-Salem, NC 27109
United States
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