The Art of Islamic Banking and Finance: Tools and Techniques for Community-Based Banking

(Tina Meador) #1

  1. Wayne A.M. Visser and Alastair McIntosh, Centre for Human Ecology. First
    published in:Accounting, Business & Financial History, 8:2, Routledge, Lon-
    don, July 1998, pp. 175-189.

  2. Professor John Goldingay, Fuller Seminary, Pasadena, California.

  3. Rabbi Yosef Kanefsky, Los Angeles, California: private communication; an in-
    vited paper presented at the LARIBA 2002 Annual Symposium and Awards
    Symposium, Pasadena, California, March 2002.

  4. Published by permission from Rabbi Kanefsky.

  5. Moses Maimonides is a great Jewish scholar, philosopher, and medical doc-
    tor who lived in Egypt and was one of the most prominent in the court of
    Saladin.

  6. Professor Christopher Kaczor (http://bellarmine.lmu.edu/ckaczor/), Depart-
    ment of Philosophy, Loyola Marymount University; private communication: A
    paper presented at the LARIBA Annual Symposium and Awards, Pasadena,
    California, March 2002.

  7. Professor Kaczor states: ‘‘I make no claim to original historical research in this
    article, but have drawn upon many sources in coming to a deeper understanding
    of the issues at hand. I have especially drawn upon:
    A. Vermeersche, ‘‘Usury,’’The Catholic Encyclopedia, Volume XV, 1912,
    which is available online at: http://www.newadvent.org/cathen/15235c.htm and was
    downloaded on March 5, 2002.
    A. Vermeersche, ‘‘Interest,’’The Catholic Encyclopedia, Volume VIII,
    1912, which is available online at http://www.newadvent.org/cathen/08077a.htm
    and was downloaded on March 5, 2002.
    David J. Palm, ‘‘Usury,’’Encyclopedia of Catholic Apologetics(San Fran-
    cisco: Ignatius Press, 2002).
    John Noonan,The Scholastic Analysis of Usury(Cambridge: Harvard Uni-
    versity Press, 1957).

  8. Published by permission from Professor Christopher Kaczor, Loyola Mary-
    mount University, Los Angeles, California.

  9. In Islamic literature there is aqudsiHadeeth, or the words of God spoken to
    Prophet Muhammad, that says exactly the same meanings of the words de-
    scribed here.

  10. Two sales in one sale is also prohibited in Islamic law.

  11. The Qur’aan has a verse about those who raise debts in many multiples:
    3:130 O ye who believe! Devour not usury, doubled and multiplied; but
    fear Allah. that ye may (really) prosper.

  12. St. Thomas Aquinas,Summa Theologica, II–II, question 78, article one.

  13. Riba in Islamic law can be defined as the act of renting money at a price called
    the interest rate; according to the law, money cannot be rented, but fungible
    and rentable assets and services can.

  14. N. P. Tanner, S.J. ed.,Decrees of the Ecumenical Councils, vol. 1, p. 200.

  15. Catechism of the Catholic Church, 2nd edition, 1997, #2269.

  16. German Grisez,The Way of the Lord Jesus, Vol. II: Living a Christian Life
    (Quincy, Illinois: Franciscan Press, 1993), p. 834.


The Faith-Based Judeo-Christian-Islamic Foundation 45

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