The Foundations of Islamic Economics and Banking is popular PDF and ePub book, written by Abdulrahman Haitham Shoukat Kabbara in 2014-05-23, it is a fantastic choice for those who relish reading online the Political Science genre. Let's immerse ourselves in this engaging Political Science book by exploring the summary and details provided below. Remember, The Foundations of Islamic Economics and Banking can be Read Online from any device for your convenience.
The Foundations of Islamic Economics and Banking Book PDF Summary
The first part of this book is designed to display the sources and principles of economics and trade transactions in the Islamic community. It analyzes the judicial injunctions against riba and proves that riba including interest is prohibited. Basing the argument on theoretical (Quran and Sunna) as well as the customary practice during the life of the messenger of God in Mekka and Al-Madina. Notably, the Islamic teachings covers both the worldly and religious affairs. This is a very revealing indication that Islam does not only regulate the relations of the human beings with God, but also extends to regulating (i) the relationship of the ruler with the ruled through al-shura, and (ii) economic and financial transactions in the market. Notable among these transactions: a) the abolition of riba and instigating interest-free economy, (b) providing the basic needs of society, (c) achieving social justice by applying zakat levy and other ordinances, and last but not least inheritance law and redistribution of State land for public benefits. The second and third part of the book explains and proves that prohibition of riba does not circumvent trade or paralyze the economy. On the contrary by eliminating injustice inherent in riba, the banking system will be liberated from discrepancies and the economy will perform more efficiently by mitigating the evils of riba.
Detail Book of The Foundations of Islamic Economics and Banking PDF
- Author : Abdulrahman Haitham Shoukat Kabbara
- Release : 23 May 2014
- Publisher : Partridge Publishing Singapore
- ISBN : 9781482899245
- Genre : Political Science
- Total Page : 221 pages
- Language : English
- PDF File Size : 8,9 Mb
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