Islamic Economics Institute

Wednesday Academic Dialogue

                                                

Interpretation of Usury Due to
The Absence of Risk Theorem

Dr. Mansour Al-Ghamdi

Wednesday 28 May, 2014 (29-07-1435H)

  

Abstract. This paper intended to present one of the Islamic economics theories. It is the interpretation of usury due to the absence of risk. The paper presented, clarified investigated the theory and its proofs. The author also presented its history and critics. The main results are. It is not true to say that Riba loans have no risk. The risks in any Riba loan are the same risks as of any deferred sale transaction or any Salam contract. The paper also concluded that there are no relation between Riba prohibition and the risk theory. Finally, there is no relation between Riba prohibition and Returns for liability prohibition theorem. 

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Last Update 5/28/2014 10:40:46 AM