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Riba, Bank Interest and the Rational of its Prohibition (Research Paper)

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Abstract

The paper explains Riba, bank interest and the rationale of its prohibition starting from Shari‘ah and economic reasons through to the entire financial system and also highlights the impact of prohibition of Riba.

Suggested Citation

  • Siddiqi, Mohammad Nejatullah, 2004. "Riba, Bank Interest and the Rational of its Prohibition (Research Paper)," Occasional Papers 205, The Islamic Research and Teaching Institute (IRTI).
  • Handle: RePEc:ris:irtiop:0205
    Note: Free Pdf version can be found on the provided link for research purpose only. Readers are requested to search the "title" of paper under publications page on IRTI website. http://www.irti.org/English/Pages/Publications.aspx
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    Cited by:

    1. Ghassan, Hassan Belkacem, 2012. "Banking Stability System: Does it Matter if the Rate of Return is Fixed or Stochastic?," MPRA Paper 54391, University Library of Munich, Germany.
    2. Karbhari, Yusuf & Muye, Ibrahim & Hassan, Ahmad Fahmi S. & Elnahass, Marwa, 2018. "Governance mechanisms and efficiency: Evidence from an alternative insurance (Takaful) market," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 56(C), pages 71-92.
    3. Francesc Relano, 2023. "Ethical and Islamic Banking Compared from a Time-Based Perspective," Journal of Business Ethics, Springer, vol. 188(4), pages 795-805, December.
    4. Miah, Mohammad Dulal & Kabir, Md. Nurul & Safiullah, Md, 2020. "Switching costs in Islamic banking: The impact on market power and financial stability," Journal of Behavioral and Experimental Finance, Elsevier, vol. 28(C).
    5. repec:abd:kauiea:v:30:y:2017:i:1:p:63-72 is not listed on IDEAS
    6. Harun Sencal, 2021. "Consequences of the Legal Personality of Commercial Entities: An Evaluation from the Perspective of Islamic Economics," Istanbul Journal of Economics-Istanbul Iktisat Dergisi, Istanbul University, Faculty of Economics, vol. 71(71-2), pages 367-394, December.
    7. Hassan, M. Kabir & Aliyu, Sirajo, 2018. "A contemporary survey of islamic banking literature," Journal of Financial Stability, Elsevier, vol. 34(C), pages 12-43.
    8. Nizar, Muhammad Afdi, 2007. "Analisis Kinerja Perbankan Syari’Ah Paska Fatwa Mui Tentang Keharaman Bunga [Performance Of Syari'Ah Banking In Indonesia]," MPRA Paper 65613, University Library of Munich, Germany.
    9. T. O Ojo & L.J. S Baiyegunhi & A. O Salami, 2019. "Impact of Credit Demand on the Productivity of Rice Farmers in South West Nigeria," Journal of Economics and Behavioral Studies, AMH International, vol. 11(1), pages 166-180.
    10. Noushin Bagheri, 2021. "Deterministic goal programming approach for Islamic portfolio selection," Operational Research, Springer, vol. 21(3), pages 1447-1459, September.

    More about this item

    Keywords

    Bank Interest; RIBA; Prohibition;
    All these keywords.

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