Tag Archives: Interest

Islam and Institution of Interest Based Lending

Danial Pirani In modern times, the institution of interest is regarded as critical for the stability of an economy. Nearly all the economic and financial institutions are, in one way or the other, connected to the interest based transactions. Interest … Continue reading

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Posted in Articles on Islamic Economics, Articles on Islamic Finance | Tagged , , , , , , , , | 12 Comments

Critical Analysis of Arguments in Favor of Interest

Salman Ahmed Shaikh In this article, we briefly analyze the logical arguments that are usually presented in the defense of interest as a price of money capital in loans. Interest is the price of risk It is not correct to … Continue reading

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Posted in Articles on Islamic Economics | Tagged , , , , , , | 1 Comment