Islamic Banking and Interest : A Study of Prohibition of Interest and Its Contemporary Interpretation

The book is made up of an introduction, a conclusion and eight chapters. The first chapter deals with the historical development of Islamic banking. The second chapter discusses the prohibition of riba in the Qur'an, Sunnah and Islamic law (fiqh). Chapter three deals with the modern interpretation of riba. Chapter four examines the profit and loss sharing system: mudarabah and musharakah. Chapter five examines murabahah. Chapter six discusses the banker-depositor relationship. Chapter seven examines the legal opinions of different religious supervisory boards and chapter eight deals with ijtihad and calls for new interpretation of riba