Conceptual challenges of Riba, Interest and balanced Interest (method of Quran in according economic corruption)

Message:
Abstract:
One of the problems of banking system, according to Islamic economics.is philosophy of prohibition of riba, its effects and the methods of opposing riba. According to broad instances of riba, it is necessary that the main approach of discussions be concentrated on its major instances and the most practical ways of opposing it. Stress on the generality of prohibition of riba. Has withheld the Islamic economists from proposing o planned program for classification of different ribas and corruption and opposing it.According to Islamic teaching, prohibition of riba is a criteria in opposing non-productive activities and in optimum allocation of capital into production activities complete and real elimination of riba with is not possible except providing proper grounds for business. All the economic corruption such as riba should be rated and gradually opposed. This paper with analytical descriptive approach after explanation of concepts of riba, interest and balanced interest concludes that Quran’s method in elimination of riba from economic activities could be generalized to other economic corruptions.
Language:
Persian
Published:
Islamic Economy, Volume:11 Issue: 41, 2011
Page:
189
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