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Riba: Usury or Interest | Imtias Ali | Islamic Finance & Banking | IIPH
Original price was: ₹299.00.₹199.00Current price is: ₹199.00.
2 in stock
Riba: Usury or Interest | Imtias Ali | Islamic Finance & Banking | IIPH
Explains riba (usury/interest) from an Islamic perspective — its definition, categories, and the rulings on it in the Qur’an and Sunnah
Covers modern banking practice: loan types (consumption, productive, matching credit, instalment-purchase), interest-bearing deposits, mortgages and vehicle finance
Includes a section on the Islamic Development Bank (est. 1975) and how interest-free financing, equity participation and trade investment work in practice
Features a real case study of the Muslim community in Trinidad and Tobago and the difficulties of avoiding interest in a conventional economy
Prepared by Imtias Ali; published by IIPH (International Islamic Publishing House) — English paperback with Arabic references
Description
Riba: Usury or Interest examines one of the most pressing financial questions facing Muslims today: what interest actually is in Islamic terms, why it is prohibited, and what alternatives exist.
Prepared by Imtias Ali and published by the International Islamic Publishing House, the book moves from the textual basis of the prohibition to the mechanics of modern finance. It breaks down the different categories of lending used by banks and trust companies, looks at where interest enters everyday transactions — home loans, car finance, fixed deposits, government bonds, insurance — and outlines the interest-free structures developed as alternatives, including the work of the Islamic Development Bank in financing projects through equity participation and trade rather than lending at interest.
A substantial portion draws on the situation of Muslims in Trinidad and Tobago, where an economy built entirely on conventional banking leaves practising Muslims with few options. The author uses survey findings from imams and community leaders to show a growing demand for a banking system consistent with Islamic principles.
Useful for students of Islamic economics, professionals in finance, imams and community workers, and any Muslim trying to understand their obligations around money and lending. English text with Arabic terminology.
Shipping
Shipping rates are calculated at checkout based on your shipping address and the weight of your order. Please allow a processing time of 2 business days before your shipment is dispatched
Delivery
Expected time taken to dispatch the items is given against each product on the respective product details page. While we will try our best to dispatch products as soon as possible however in unusual circumstances the delivery of the products may take up to 7-15 days approx as per local guidelines.
In the unlikely event that we are not able to deliver your order completely, we shall cancel the remaining undelivered part of the order, and send an email to you informing about the same. In such cases, your payment against the undelivered part of the order shall be refunded, in the manner the payment was made
If your order has multiple items, these may ship from different locations in separate shipments. You will receive an email if the shipment does not contain all the items that you had ordered.
We work hard to ensure that we meet our delivery estimates, but occasionally there may be delays that are beyond our control. In such cases, we will do our best to keep you informed and provide you with the latest updates on your order delivery status.
Riba: Usury or Interest | Imtias Ali | Islamic Finance & Banking | IIPH
Explains riba (usury/interest) from an Islamic perspective — its definition, categories, and the rulings on it in the Qur’an and Sunnah
Covers modern banking practice: loan types (consumption, productive, matching credit, instalment-purchase), interest-bearing deposits, mortgages and vehicle finance
Includes a section on the Islamic Development Bank (est. 1975) and how interest-free financing, equity participation and trade investment work in practice
Features a real case study of the Muslim community in Trinidad and Tobago and the difficulties of avoiding interest in a conventional economy
Prepared by Imtias Ali; published by IIPH (International Islamic Publishing House) — English paperback with Arabic references
Description
Riba: Usury or Interest examines one of the most pressing financial questions facing Muslims today: what interest actually is in Islamic terms, why it is prohibited, and what alternatives exist.
Prepared by Imtias Ali and published by the International Islamic Publishing House, the book moves from the textual basis of the prohibition to the mechanics of modern finance. It breaks down the different categories of lending used by banks and trust companies, looks at where interest enters everyday transactions — home loans, car finance, fixed deposits, government bonds, insurance — and outlines the interest-free structures developed as alternatives, including the work of the Islamic Development Bank in financing projects through equity participation and trade rather than lending at interest.
A substantial portion draws on the situation of Muslims in Trinidad and Tobago, where an economy built entirely on conventional banking leaves practising Muslims with few options. The author uses survey findings from imams and community leaders to show a growing demand for a banking system consistent with Islamic principles.
Useful for students of Islamic economics, professionals in finance, imams and community workers, and any Muslim trying to understand their obligations around money and lending. English text with Arabic terminology.
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Shipping
Shipping rates are calculated at checkout based on your shipping address and the weight of your order. Please allow a processing time of 2 business days before your shipment is dispatched
Delivery
Expected time taken to dispatch the items is given against each product on the respective product details page. While we will try our best to dispatch products as soon as possible however in unusual circumstances the delivery of the products may take up to 7-15 days approx as per local guidelines.
In the unlikely event that we are not able to deliver your order completely, we shall cancel the remaining undelivered part of the order, and send an email to you informing about the same. In such cases, your payment against the undelivered part of the order shall be refunded, in the manner the payment was made
If your order has multiple items, these may ship from different locations in separate shipments. You will receive an email if the shipment does not contain all the items that you had ordered.
We work hard to ensure that we meet our delivery estimates, but occasionally there may be delays that are beyond our control. In such cases, we will do our best to keep you informed and provide you with the latest updates on your order delivery status.
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