Commentary on "Usury in Instalment Sales"

A Comparative Study on Capital Formation in the Usury and Non-usury Economic Systems

The rule of ideologies which ban interest or usury which is earned through lending money has led to developing economic systems that differ from conventional economic systems in which ,interest has been entered. The presence of systems not relying on interest, in turn, has questioned the necessary motives in capital establishments through savings. In this paper, while defining the concepts of m...

Usury in the Purchase of Negotiable Paper

A commentary on hunger in Quranic verses

Hunger has been always regarded as one of the signs in mysticism and morality and all Sufis have known it as one of the bases for their special manner of life. Some have known it to mean eating based on need, some other to mean fasting and some to mean not eating but necessarily. The author, as is understood in the paper, relying on Quran and sunnah, has explained that the meanings are intended...

Evading the ‘Taint of Usury’: The usury prohibition as a barrier to entry

Article history: Received 9 April 2009 Available online xxxx The development of capital markets in medieval Europe was shaped for centuries by the religious ban on lending money at interest. This paper examines how this prohibition developed as the outcome of strategic behavior by religious, commercial and political elites. A model is developed to analyze this hypothesis and to examine how the ...

New Monetary Policies in Usury Free Banking

The aim of this research is to find monetary policy tools in usury free banking. We will review the ideas of Muslims in Iran and outside the Iran for this subject. In this work, we will explain the effects of monetary policies on economy. This article is about explanation of two subjects: In the first subject, reports about usury free banking and ways of absorbing granted facilities is presente...