Monetary Conditions of Economic Growth and the Islamic Concept of Interest: Is there a Solution to the Open Conflict between Law and Practice in the Muslim World

Sabri F. Ülgener (1911-1983), with his ability to combine eastern and western cultures in own character, rigorous disciplined way of working use different sources research, also has an important place the aspect history economic thought Turkish academy 20th century influenced studies that conducted after him, is a scholar who deserves be studied depth.
 An feature distinguishes from other scholars he focused on “lived history” rather than “documented research. Rather archival sources, works classical literature, moral books, art, newspapers published Ottoman period, memories heard listened people were born last period Empire still alive time, left behind by these main reference Ülgener. rigorously traced traces mentality all sources.
 The mentality, which continued research throughout almost entire academic career, naturally coincides field discipline today called “Islamic Economics”. In 1944, himself wrote article titled "Economic Policy Issues Islamic Law Moral Sources" this article, examined issue price fixing [narkh] Islam, effect statism policies had implemented due difficult conditions Second World War. Another work directly related subject “The Ethics Craftsmen since Fourteenth Century Some Situations Complaints”. bad impression craftsmen minds public reasons for this.
 It was unthinkable Ülgener, carried out topics law second half 1940s, remained indifferent “interest”. Here, study, translation, most fundamental economics, interest. invited congress held New Delhi December 1958 presented paper translation at congress. not Türkiye, but included Review, numbered 55/2 (February 1967), England, note "opinion". aforementioned paper, as understood biography written A. G. Sayar, first old script [Ottoman] then English. Sayar names "The Situation Islam Economic Development Against Money Credit Issues".
 makes distinction between interest used directing calculating investments expressing premium paid money [Ülgener proposes call type “benefit”], interest, represents unrequited surplus consumption purposes [usury, riba]. Expressing prohibited Qoran actually usury, examines prohibition. Seeing prohibition against usury justified, says especially Muslim countries insufficient development level should reinterpret order ensure their development, make concept extension thought, states they permit guide point placement include such Western-style monetary institutions structure.
 This corpus prepared during collective publication Ülgener's works, it never been study explains thoughts clearly consistently.