Analysing the Present State and Future Agenda
Studies in Islamic Finance, Accounting and Governance series
Chapter 9: Prohibition of riba in the primary sources of Islam
Without going into the technicalities of law we can say in everyday parlance that the Qur’an uses the term ‘riba’ for interest on loans. In this chapter we shall summarize the message of the Qur’an relating to the prohibition of interest on loans. We shall also present a summary view of various Traditions (ahadith) of the Prophet on the subject.
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