The Art of Islamic Banking and Finance: Tools and Techniques for Community-Based Banking
post-Talmudic rabbis take up the question. Moses Maimonides,^13 in his greatJewishlegalcode(LawsofLoans,chapter5,law2),rulesthat ...
LendingtothePoor Jesus (pp) said: When the Son of man comes in his glory, and all the angels with him, then he will sit on his g ...
by its very use—for instance, a house can be rented out and returned in good condition. On the other hand, the use of other thin ...
The Church never taught that all charging of interest is wrong, but only that it is wrong to charge interest on a loan in virtue ...
nonfungible commodity; but in contemporary markets, money may be quite productive indeed. John Finnis concludes: Aquinas’s accou ...
as foreclosing on personal properties. It alludes to two reasons for debt: crop failure and imperial taxation. The two stories a ...
another Israelite you may not charge interest’’ (Deuteronomy 23:19–20 [23:20–21 in Hebrew Bibles]). Professor Goldingay states—i ...
The New Testament confirms the stance of the Old without adding to it. The New Testament refers to lending with interest only in ...
the medieval church, and perceiving that the Old Testament was concerned with caring for the poor and not with commercial loans, ...
divisions can be called the basis of the Judeo-Christian-Islamic law (Shari’aa). Using this concept, we can state that riba is h ...
&God knows all things 2:270 and if you spend or promise to spend in the way of God, He knows all and those who transgress an ...
not able to work and contribute because they are poor, but they continue to keep their dignity. Those who do not know and the ig ...
of the faith, the prayers, the fasting during the month of Ramadan, and the Hajj(pilgrimage). It was also given a descriptive na ...
is one of the best investments one can make, because its return is 700 times the original investment: 2:261 the parable of those ...
another owner because he/she, the needy, cannot get credit. In the system of zakah distribution, the needy would be given RF cre ...
It is interesting to note that each outlet represents 12.5% of the total zakahcollected. If an outlet does not need money, then ...
2:271 If ye disclose (acts of) charity, even so it is well, but if ye con- ceal them, and make them reach those [really] in need ...
foreclose on the collateral property. These loans have been used since the times of Moses (pp) and Jesus (pp) by the money lende ...
2:275 Those who eat riba stand as those who have been touched and electrified by Satan, because they claim that buying and selli ...
This makes this type of lending prohibited in the Judeo-Christian-Islamic tradition. Another interesting practice by the pagan A ...
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