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Ribā (Usury) Prohibition in the Qur’ān in Terms of its Historical Context
Gül, Ali Rıza
Gül, Ali Rıza
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relkultur116.pdf
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Abstract
Ribā (usury) is one of the most important concepts in the Qur’ān with regard to Islamic law and economy. From very middle ages to the present day, plenty of comprehensive and valuable works pertaining to the prohibition of the usury in Islam have been produced. These works generally refer to Islamic law (al-fiqh) as evidence, clarify ‘ribā and divide it into two kinds: ribā an-nasīah (interest charged on loan transactions) and ribā al-fadl (interest in excess). These works generally interpret the Qur’anic verses (āyāt ar-ribā) about usury from the above stated two points. Yet, it is nearly impossible to comprehend the concept of usury in Islam as a whole departing from these two kinds of usury applications. It appears to me that it is difficult to understand the usury concept in the Qur’ān without closely analyzing its background which goes back to the Jāhiliya period. To examine and uncover the meaning and scope of the usury term in the Qur’ān adequately, it is necessary to analyze the pre-Islamic Hijāz economy in terms of sources of income, income distribution and dept relations.
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2008
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With permission of the license/copyright holder