Riba And the Rational Behind Its Prohibition
  • Author(s): Olaitan Abdulkabir
  • Paper ID: 1703069
  • Page: 244-246
  • Published Date: 14-02-2022
  • Published In: Iconic Research And Engineering Journals
  • Publisher: IRE Journals
  • e-ISSN: 2456-8880
  • Volume/Issue: Volume 5 Issue 6 December-2021
Abstract

This paper moves to a great extent in giving an analysis of Riba(Usury) as a phenomenon in the global economic processes, especially as it relates to Islamic financial institution. The prohibition of Riba and the reasons for its prohibition are examined without losing sight of the position of Islam to it and what may actually constitute Riba with its categorizations. In achieving this, a thorough research was done based on existing literatures and discoveries on Riba as it relates to Islamic Finance.

Keywords

Riba (Usury), Islamic Finance, Financial Institutions, Prohibition of Riba, Reasons for Prohibition.

Citations

IRE Journals:
Olaitan Abdulkabir "Riba And the Rational Behind Its Prohibition" Iconic Research And Engineering Journals Volume 5 Issue 6 2021 Page 244-246

IEEE:
Olaitan Abdulkabir "Riba And the Rational Behind Its Prohibition" Iconic Research And Engineering Journals, 5(6)