Riba
From The Art and Popular Culture Encyclopedia
(Difference between revisions)
| Revision as of 16:03, 25 June 2017 Jahsonic (Talk | contribs) ← Previous diff |
Revision as of 16:04, 25 June 2017 Jahsonic (Talk | contribs) Next diff → |
||
| Line 1: | Line 1: | ||
| {{Template}} | {{Template}} | ||
| - | '''Islamic economics''' is a term used to refer to '''Islamic commercial jurisprudence''' or '''''fiqh al-mu'āmalāt''''', and also to an [[ideology]] of economics based on the teachings of Islam that takes a middle ground between the systems of [[Marxism]] and [[capitalism]]. | ||
| - | ==Loans== | ||
| - | One critic (Muhammad O. Farooq) argues that this unfortunate situation has arisen because the "preoccupation" among supporters of Islamic Economics that any and all interest on loans is ''[[riba]]'' and forbidden by Islam, and because [[Profit and loss sharing|risk-sharing alternatives]] to interest bearing loans originally envisioned for Islamic banking have not proven feasible. With the elimination of interest being both the basis of the industry and impractical, shari'a scholars have become "entrapped in a situation" where they are forced to approve transactions fundamentally similar to conventional loans but using "''[[hiyal]]''" manipulation to "maintain an Islamic veneer".$ | ||
| - | == See also == | + | '''''Riba''''' can be roughly translated as "[[usury]]", or unjust, exploitative gains made in trade or business under [[Islam]]ic law. ''Riba'' is mentioned and condemned in several different verses in the [[Qur'an]]. |
| - | * [[Islamic economics in Pakistan]] | + | ==See also== |
| - | * [[Islamic philosophy]] | + | * [[Islamic banking and finance]] |
| - | * [[Economy of the Organisation of Islamic Cooperation|Economy of the OIC]] | + | * [[Loans and interest in Judaism]] |
| - | * [[Law and economics]] | + | * [[Shariah investments]] |
| - | + | * [[Usury]] | |
| - | '''People''' | + | * ''[[Vix pervenit]]'' |
| - | * [[Muhammad Taqi Usmani]] | + | * [[Zakat]] |
| - | * [[Nathif Jama Adam]] | + | * [[Cleansing of the Temple]] |
| {{GFDL}} | {{GFDL}} | ||
Revision as of 16:04, 25 June 2017
|
Related e |
|
Featured: |
Riba can be roughly translated as "usury", or unjust, exploitative gains made in trade or business under Islamic law. Riba is mentioned and condemned in several different verses in the Qur'an.
See also
- Islamic banking and finance
- Loans and interest in Judaism
- Shariah investments
- Usury
- Vix pervenit
- Zakat
- Cleansing of the Temple
Unless indicated otherwise, the text in this article is either based on Wikipedia article "Riba" or another language Wikipedia page thereof used under the terms of the GNU Free Documentation License; or on research by Jahsonic and friends. See Art and Popular Culture's copyright notice.
