عنوان

A contemporary philosophical conflict between Islamic finance and the historical monotheistic prohibition of usury

Number

TLpq1170956661

.Language of Text, Soundtrack etc

انگلیسی

Title Proper

A contemporary philosophical conflict between Islamic finance and the historical monotheistic prohibition of usury

General Material Designation

[Thesis]

First Statement of Responsibility

Jibril Latif

Subsequent Statement of Responsibility

H. Salhi

Name of Publisher, Distributor, etc.

California State University, Dominguez Hills

Date of Publication, Distribution, etc.

2012

Specific Material Designation and Extent of Item

97

Dissertation or thesis details and type of degree

M.A.

Body granting the degree

California State University, Dominguez Hills

Text preceding or following the note

2012

Text of Note

The monotheistic tradition prohibits usury as it is considered to be an immoral act. It is interesting that the Islamic finance industry today deals in usury despite Islam's undisputed prohibition of it. The conflict embodies the millennia-old battle between monotheistic moralists and usurers. This study utilizes traditional commentaries on religious texts and their associations with morality, economics, and the Islamic finance industry to assess the historical correlation between usury, religion, and economics. Then, it discusses the rationale behind the prohibition of usury in Islam and traces the reversal of that prohibition from Islam's monotheistic predecessors. The study includes an analysis of the philosophy of capitalism and examines the factors that led to the contemporary Islamic banking industry and the philosophical contradiction that exists between the fundamentals of the industry and monotheistic traditions. Conclusions and implications for further research are discussed.

Language, literature and linguistics

Middle Eastern literature

Philosophy

Philosophy, religion and theology

Religion

Social sciences

H. Salhi

Jibril Latif

Electronic name

p

[Thesis]

276903

a

Y