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On Usury and Interest – Muhammad Adel Zaki

Broadcast United News Desk
On Usury and Interest – Muhammad Adel Zaki

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#The_Civil_Dialogue #Mohamed_Adel_Zaki
The theory of usury in Islamic jurisprudence is based on a different concept than the theory of usury in the Eurocentric economic sciences, and starting from this different concept, the process discussed in jurisprudence will be more extensive than the process discussed in Islamic jurisprudence. This is what the economic sciences are concerned with. Usury, in language and jurisprudence, is based on the phenomenon of “increase” of something. Al-Tabari said: “If someone pays usury to someone else, and he increases the interest … the increase is usury.” (Al-Tabari, Jami’ al-Bayan, Vol. 6, …

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