Toward Defining and Understanding Riba: An Outline Essay

16 Pages Posted: 12 Dec 2010 Last revised: 19 Sep 2017

Date Written: September 1, 2017

Abstract

In light of the Qur'an and Sunnah, this outline paper attempts at an alternative definition of Riba from non-Equivalence perspective. It is an outline paper in the sense that the primary arguments and evidences are provided with reference to my works as well as pertinent works of others, reading which should answer most of the pertinent questions raised here.

Keywords: Islam, Riba, Interest, Riba-Interest Equation, Islamic Finance, Islamic Banking

JEL Classification: B19, E49

Suggested Citation

Farooq, Mohammad Omar, Toward Defining and Understanding Riba: An Outline Essay (September 1, 2017). Available at SSRN: https://ssrn.com/abstract=1723803 or http://dx.doi.org/10.2139/ssrn.1723803

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