Riba Revisited

What are the main sayings of The Prophet (PEACE BE UPON HIM) on the issue of Riba? How have they been explained by the predecessor scholars, and what rulings do they give? Are some of the statements contradictory to the known rules of Riba? What exceptions and disputes have arisen from the different understandings of the sayings? In this eighth volume of “Riba Revisited”, the above subjects and more will be discussed and explained.

It is perhaps the most famous verse about Riba in The Qur'an. Revealed over 1400 years ago, it is still a cause of mystery for many. But so obviously absent from it is an explanation of the difference. {Because they said a sale is like Riba, and Allah has permitted a sale and forbidden Riba} Why did they say a sale is like Riba? Which type of sale is similar to Riba? What are the similarities, and how did great interpreters and scholars of The Qur'an explain the revelation? Why is one permitted, while the other is forbidden? How does it relate to modern Islamic Finance? Why are some people still confused? Is it a lack of differentiation between Illah and Hikmah? This volume of the Riba Revisited Series explores this famous verse, its explanation, and implications to the modern Islamic Banking industry.