Justice in Islam There is no room in Islam for any individual or group to invent their own concept of justice for…
April 2022
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The question of land ownership is one of the most serious issues of our times. Being a subject of much debate, the actual…
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Labor-related issues and Solutions Our defective economic system remains the main cause of the problems that face industrial and farm labor. The…
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Let us try first to understand what Ribā or interest is, according to the Qur’an and the Sunnah. What are its parameters?…
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The Islamic approach to the economic issues of mankind is that wealth is like lifeblood and must not simply be allowed to accumulate…
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Essence of Zakāh Zakāh is the third pillar of Islam after Imān and Salāh. Zakāh follows Salāh immediately in the Qur’an wherever…
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According to some, it is the opportunity to benefit from borrowing which entitles the lender to claim interest from the borrower. But…
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The rationale for interest notwithstanding, arguments are also focused on what is a ‘reasonable’ and, therefore, acceptable rate of interest. The world…
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However, from the standpoint of reason, is interest plausible? If it cannot be justified from the standpoints of reason and justice, then…
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Economics Arctic
‘Economic Effects’ of Interest, Protagonistic Approach
by adminby admin 5 minutes readThe protagonists of an interest-based system speak of the benefits that accrue to individuals and institutions and are of the view that…