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Towards a Unified Analytical Model for Different Types of Riba: Observations and Reflections, comment: Mohammad I. Alsuhaibani نحو نموذج موحد لأنواع الربا: ملحوظات وتأملات - تعليق

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  • Mohammad I. Alsuhaibani

    (Professor of Economics, Faculty of Economics and Management Sciences, Imam Muhammad Bin Saud University Riyadh, Saudi Arabia)

Abstract

In these notes we offer some observations and reflections on the novel interpretation for the rationale behind prohibiting Riba al-fadl presented by Al-Suwailem (2016). We raise questions about the applicability of Al-Suwailem’s interpretation to the exchange of money (gold and silver) and all similar exchanges where the two counter-values are identical. Building on these observations, we discuss their implications on the main findings of Al-Suwailem’s analysis and the possibility of developing an objective criterion to distinguish between sale and loan. Some minor remarks are given at the end of our notes. يقدم بحث السويلم (2016م) نظرة جديدة لحكمة ربا الفضل التي أشكلت على الكثيرين. وهي نظرة متعمقة مبنية على التحليل الاقتصادي لآلية عمل السوق الحرة. ويقدم هذا التعليق ملاحظات رئيسة حول إمكانية تعميم نتائج البحث على مبادلات النقدين (الذهب والفضة) ونحوها من المبادلات التي ينعدم فيها أي تفاوت في جنس وكمية وجودة العوضين، وانعكاسات ذلك على النتائج الرئيسة لتحليل السويلم، وإمكانية تطوير معيارٍ موضوعيٍ للتفريق بين البيع والقرض. ويشير التعليق في نهايته لبعض الملاحظات الثانوية.

Suggested Citation

  • Mohammad I. Alsuhaibani, 2016. "Towards a Unified Analytical Model for Different Types of Riba: Observations and Reflections, comment: Mohammad I. Alsuhaibani نحو نموذج موحد لأنواع الربا: ملحوظات وتأملات - تعليق," Journal of King Abdulaziz University: Islamic Economics, King Abdulaziz University, Islamic Economics Institute., vol. 29(3), pages 205-216, October.
    • Handle: RePEc:abd:kauiea:v:29:y:2016:i:3:no:7:p:205-216
    DOI: 10.4197/Islec.29-3.7
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    References listed on IDEAS

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    1. K. J. Arrow, 1964. "The Role of Securities in the Optimal Allocation of Risk-bearing," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 31(2), pages 91-96.
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    JEL classification:

    • E4 - Macroeconomics and Monetary Economics - - Money and Interest Rates
    • Z12 - Other Special Topics - - Cultural Economics - - - Religion

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