RIBA (USURY); A TOOL THAT SHOULD BE CARVED OUT OF FINANCIAL TRANSACTIONS
Riba has been major driving force surrounding the conventional financial system of most economies especially the western economies and even economies that practice dual financial system are still not left out. This study seeks to examine riba and why it should be carved out of financial transactions...
Saved in:
| Main Author: | |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
İLKE İlim Kültür Eğitim Vakfı
2016-08-01
|
| Series: | Türkiye İslam İktisadı Dergisi |
| Subjects: | |
| Online Access: | http://dergipark.ulakbim.gov.tr/beuntujise/article/view/5000199681 |
| Tags: |
Add Tag
No Tags, Be the first to tag this record!
|
| _version_ | 1846094795037999104 |
|---|---|
| author | Ibrahim Mohammad LAWAL |
| author_facet | Ibrahim Mohammad LAWAL |
| author_sort | Ibrahim Mohammad LAWAL |
| collection | DOAJ |
| description | Riba has been major driving force surrounding the conventional financial system of most economies especially the western economies and even economies that practice dual financial system are still not left out. This study seeks to examine riba and why it should be carved out of financial transactions. The study reveals that the no religion permits the consumption of riba in whatever form and concluded that the continuous consumption of riba will impoverish the economies of the world and even the welfare of citizens will not be left out because it is a tool that does not work in increasing utility. |
| format | Article |
| id | doaj-art-95f165302b6a4633a53b5000e0011067 |
| institution | Kabale University |
| issn | 2148-3809 2148-3809 |
| language | English |
| publishDate | 2016-08-01 |
| publisher | İLKE İlim Kültür Eğitim Vakfı |
| record_format | Article |
| series | Türkiye İslam İktisadı Dergisi |
| spelling | doaj-art-95f165302b6a4633a53b5000e00110672025-01-02T12:21:41ZengİLKE İlim Kültür Eğitim VakfıTürkiye İslam İktisadı Dergisi2148-38092148-38092016-08-0132132410.15238/tujise.2016.3.2.13-24RIBA (USURY); A TOOL THAT SHOULD BE CARVED OUT OF FINANCIAL TRANSACTIONSIbrahim Mohammad LAWAL 0Head of the Credit and Marketing Unit at Heritage Bank Maiduguri, Borno State, NigeriaRiba has been major driving force surrounding the conventional financial system of most economies especially the western economies and even economies that practice dual financial system are still not left out. This study seeks to examine riba and why it should be carved out of financial transactions. The study reveals that the no religion permits the consumption of riba in whatever form and concluded that the continuous consumption of riba will impoverish the economies of the world and even the welfare of citizens will not be left out because it is a tool that does not work in increasing utility.http://dergipark.ulakbim.gov.tr/beuntujise/article/view/5000199681iba (usury)fiqh riba al-duyun (debt usury)riba-al-buyu (trade usury)intrinsic utilitydiscount rate |
| spellingShingle | Ibrahim Mohammad LAWAL RIBA (USURY); A TOOL THAT SHOULD BE CARVED OUT OF FINANCIAL TRANSACTIONS Türkiye İslam İktisadı Dergisi iba (usury) fiqh riba al-duyun (debt usury) riba-al-buyu (trade usury) intrinsic utility discount rate |
| title | RIBA (USURY); A TOOL THAT SHOULD BE CARVED OUT OF FINANCIAL TRANSACTIONS |
| title_full | RIBA (USURY); A TOOL THAT SHOULD BE CARVED OUT OF FINANCIAL TRANSACTIONS |
| title_fullStr | RIBA (USURY); A TOOL THAT SHOULD BE CARVED OUT OF FINANCIAL TRANSACTIONS |
| title_full_unstemmed | RIBA (USURY); A TOOL THAT SHOULD BE CARVED OUT OF FINANCIAL TRANSACTIONS |
| title_short | RIBA (USURY); A TOOL THAT SHOULD BE CARVED OUT OF FINANCIAL TRANSACTIONS |
| title_sort | riba usury a tool that should be carved out of financial transactions |
| topic | iba (usury) fiqh riba al-duyun (debt usury) riba-al-buyu (trade usury) intrinsic utility discount rate |
| url | http://dergipark.ulakbim.gov.tr/beuntujise/article/view/5000199681 |
| work_keys_str_mv | AT ibrahimmohammadlawal ribausuryatoolthatshouldbecarvedoutoffinancialtransactions |