Subscribe for Newsletters and Discounts
Be the first to receive our thoughtfully written
religious articles and product discounts.
Your interests (Optional)
This will help us make recommendations and send discounts and sale information at times.
By registering, you may receive account related information, our email newsletters and product updates, no more than twice a month. Please read our Privacy Policy for details.
.
By subscribing, you will receive our email newsletters and product updates, no more than twice a month. All emails will be sent by Exotic India using the email address info@exoticindia.com.

Please read our Privacy Policy for details.
|6
Sign In  |  Sign up
Your Cart (0)
Share our website with your friends.
Email this page to a friend
Books > Language and Literature > Islam > Towards Interest-Free Banking
Displaying 741 of 4569         Previous  |  NextSubscribe to our newsletter and discounts
Towards Interest-Free Banking
Pages from the book
Towards Interest-Free Banking
Look Inside the Book
Description

Introduction

 

Though I have wrestled with various issues relating to Islamic economics for an entire life-time, for the last quarter century, I shifted over to an in-depth study of interest in the scientific context. Notwithstanding the complexity of the issue, from a humanistic point of view certain aspects attract attention to it, like the depredation that is an inescapable part of it, the perversions it inflicts on the functioning of every economy and deprivations that man has to suffer as its consequence. This naturally involves evaluation of the vast literature that has been produced in favour of this institution, because if interest is as equitable, fair and just as is made out by the bulk of capitalistic economics, it cannot lead to the sorry plight which the entire so called free world in general, and the Third World in particular, finds itself in.

 

The entire problem is obviously a scientific and technical one which can be properly handled only in a secular context. This approach becomes more compelling when we come to brass tacks, particularly the problem of how to evolve an interest-free banking structure. Since on this issue the pundits of economics and banking are sure that it cannot be done, one has to speak in their language if one happens to differ.

 

The result of all this effort has taken the form of a two volume study, entitled Man and Money, which is in the final stage of revision before publication. But even this process will not take less than a year, and naturally publication of a book more than ten times the size of the present one must take yet another year. In the mean time friends, who have read the larger manuscript in its entirety or in parts and regard it somewhat highly, have started feeling frustrated by what they call its "unending revisions." They therefore insisted that I leave aside the main work for a while and write a short book which brings out the salient points of the study within the context of the ideology of Islam and the vision of the founding fathers of this country. The result is the present book.

 

Yet, this is by no means a summary of Man and Money. There is not only the difference of context already mentioned above, but also of the fact that the larger work is far more concerned with the theoretical necessity of abolition of interest, and the repudiation of myths that have been evolved in its support, and the smaller one primarily focusses on the practical problem of evolving an interest-free banking structure. In fact, from this point of view, it goes farther than the larger work, as Man and Money does not concern itself with modalities and strategies of shift-over from an interest oriented economy to an interest-free one, which is the subject of Chapter III of this book.

 

The main justification for publishing this book is that those interested in the subject, like the academician, the politician, the social thinker and, above all, the policy-maker, are likely to be too busy to give time and concentrated attention in the measure that the larger book will demand. So, the whole thing has been reduced to a capsule form, besides the effort to make it as readable as possible, with emphasis on the practical side of things.

 

Those who are not interested in the theoretical aspect of the issue, or are too busy to read the entire book, may skip over Chapter I. They can come back to it if they feel like it. On the other hand, those who find the theoretical enunciation a little too brief may wait for the publication of Man and Money.

 

Any academic body, political party, social forum, business federation. banking organisation, and planning or policy-making body that has questions to ask or clarifications to seek will find me willing to give my time for verbal elaboration according to mutual convenience. To make such an exercise meaningful, the proper course will perhaps be to formulate questions and indicate the nature of clarifications in advance to enable me to give due attention to them.

 

I am even more eager to learn and shall be grateful to any reader if he finds and communicates to me any factual or interpretative error. I shall be no less obliged if any other shortcomings of my approach or presentation are pointed out to me.

 

If any reader finds anything of value in this book, the credit should go to several friends including Mr. Mohammad Akram Khan" Mr. Enayatullah and Mr. Siraj Muneer without whose insistence, I could not have spared time to write it. I should also express my gratitude to Mr. Mohammad Akram Khan for his consistent help in providing creative criticism, understanding and enthusiastic support.

 

Contents

 

Introduction

9

Chapter-I: The Background

13-48

Chapter-II: Interest-Free Banking Structure

53-87

Chapter-III: Modalities of Change Over

89-104

Chapter-IV: Answers to Possible Objections

107-133

Reference and Notes

137

Index

143

 











Towards Interest-Free Banking

Item Code:
NAJ100
Cover:
Paperback
Edition:
2009
Publisher:
ISBN:
8171513123
Language:
English
Size:
8.5 inch x 5.5 inch
Pages:
144
Other Details:
Weight of the Book: 190 gms
Price:
$15.00   Shipping Free
Look Inside the Book
Add to Wishlist
Send as e-card
Send as free online greeting card
Towards Interest-Free Banking

Verify the characters on the left

From:
Edit     
You will be informed as and when your card is viewed. Please note that your card will be active in the system for 30 days.

Viewed 1863 times since 1st Mar, 2017

Introduction

 

Though I have wrestled with various issues relating to Islamic economics for an entire life-time, for the last quarter century, I shifted over to an in-depth study of interest in the scientific context. Notwithstanding the complexity of the issue, from a humanistic point of view certain aspects attract attention to it, like the depredation that is an inescapable part of it, the perversions it inflicts on the functioning of every economy and deprivations that man has to suffer as its consequence. This naturally involves evaluation of the vast literature that has been produced in favour of this institution, because if interest is as equitable, fair and just as is made out by the bulk of capitalistic economics, it cannot lead to the sorry plight which the entire so called free world in general, and the Third World in particular, finds itself in.

 

The entire problem is obviously a scientific and technical one which can be properly handled only in a secular context. This approach becomes more compelling when we come to brass tacks, particularly the problem of how to evolve an interest-free banking structure. Since on this issue the pundits of economics and banking are sure that it cannot be done, one has to speak in their language if one happens to differ.

 

The result of all this effort has taken the form of a two volume study, entitled Man and Money, which is in the final stage of revision before publication. But even this process will not take less than a year, and naturally publication of a book more than ten times the size of the present one must take yet another year. In the mean time friends, who have read the larger manuscript in its entirety or in parts and regard it somewhat highly, have started feeling frustrated by what they call its "unending revisions." They therefore insisted that I leave aside the main work for a while and write a short book which brings out the salient points of the study within the context of the ideology of Islam and the vision of the founding fathers of this country. The result is the present book.

 

Yet, this is by no means a summary of Man and Money. There is not only the difference of context already mentioned above, but also of the fact that the larger work is far more concerned with the theoretical necessity of abolition of interest, and the repudiation of myths that have been evolved in its support, and the smaller one primarily focusses on the practical problem of evolving an interest-free banking structure. In fact, from this point of view, it goes farther than the larger work, as Man and Money does not concern itself with modalities and strategies of shift-over from an interest oriented economy to an interest-free one, which is the subject of Chapter III of this book.

 

The main justification for publishing this book is that those interested in the subject, like the academician, the politician, the social thinker and, above all, the policy-maker, are likely to be too busy to give time and concentrated attention in the measure that the larger book will demand. So, the whole thing has been reduced to a capsule form, besides the effort to make it as readable as possible, with emphasis on the practical side of things.

 

Those who are not interested in the theoretical aspect of the issue, or are too busy to read the entire book, may skip over Chapter I. They can come back to it if they feel like it. On the other hand, those who find the theoretical enunciation a little too brief may wait for the publication of Man and Money.

 

Any academic body, political party, social forum, business federation. banking organisation, and planning or policy-making body that has questions to ask or clarifications to seek will find me willing to give my time for verbal elaboration according to mutual convenience. To make such an exercise meaningful, the proper course will perhaps be to formulate questions and indicate the nature of clarifications in advance to enable me to give due attention to them.

 

I am even more eager to learn and shall be grateful to any reader if he finds and communicates to me any factual or interpretative error. I shall be no less obliged if any other shortcomings of my approach or presentation are pointed out to me.

 

If any reader finds anything of value in this book, the credit should go to several friends including Mr. Mohammad Akram Khan" Mr. Enayatullah and Mr. Siraj Muneer without whose insistence, I could not have spared time to write it. I should also express my gratitude to Mr. Mohammad Akram Khan for his consistent help in providing creative criticism, understanding and enthusiastic support.

 

Contents

 

Introduction

9

Chapter-I: The Background

13-48

Chapter-II: Interest-Free Banking Structure

53-87

Chapter-III: Modalities of Change Over

89-104

Chapter-IV: Answers to Possible Objections

107-133

Reference and Notes

137

Index

143

 











Post a Comment
 
Post Review
Post a Query
For privacy concerns, please view our Privacy Policy

Based on your browsing history

Loading... Please wait

Related Items

Barons of Banking (Glimpes of Indian Banking History)
by Bakhtiar K. Dadabhoy
Hardcover (Edition: 2013)
Random House India
Item Code: NAG528
$35.00
Add to Cart
Buy Now
Interest Free Banking
by Dr. Mohammad Uzair
Paperback (Edition: 2000)
Kitab Bhavan
Item Code: NAJ560
$20.00
Add to Cart
Buy Now
Banking and Islamic Law
Item Code: IDH234
$20.00
Add to Cart
Buy Now
Bankim's Hinduism (An Anthology of Writings by Bankim Chandra Chattopadhyay)
by Amiya P. Sen
Hardcover (Edition: 2011)
Permanent Black
Item Code: NAF836
$35.00
Add to Cart
Buy Now
From The Brink of Bankruptcy The DCM Story
by Vinay Bharat-Ram
Hardcover (Edition: 2011)
Penguin Books India Pvt. Ltd.
Item Code: NAH067
$25.00
Add to Cart
Buy Now
Bankim Chandra Chatterji
Item Code: IDJ099
$6.00
Add to Cart
Buy Now
Bankim-Tilak-Dayananda
by Sri Aurobindo
Paperback (Edition: 2006)
Sri Aurobindo Ashram
Item Code: IDI906
$5.00
Add to Cart
Buy Now
Rajmohan's Wife by Bankim Chandra Chattopadhyay
by Meenakshi Mukherjee
Paperback (Edition: 2009)
Penguin Books India
Item Code: IHL382
$16.00
Add to Cart
Buy Now
Builders of Modern India (Bankim Chandra Chatterji)
Item Code: NAL110
$15.00
Add to Cart
Buy Now
Bankim Chandra Chattopadhyay (An Intellectual Biography)
by Amiya P. Sen
Hardcover (Edition: 2008)
Oxford University Press
Item Code: IDL042
$30.00
Add to Cart
Buy Now

Testimonials

Great service. Keep on helping the people
Armando, Australia
I bought DVs supposed to receive 55 in the set instead got 48 and was in bad condition appears used and dusty. I contacted the seller to return the product and the gave 100% credit with apologies. I am very grateful because I had bought and will continue to buy products here and have never received defective product until now. I bought paintings saris..etc and always pleased with my purchase until now. But I want to say a public thank you to whom it may concern for giving me the credit. Thank you. Navieta.
Navieta N Bhudu
I have no words to thank you and your company. I received the Saundarananda Maha Kavya that I have ordered from you few weeks ago. I hope to order any more books, if I will have a need. Thank you
Ven. Bopeththe, Sri Lanka
Thank you so much just received my order. Very very happy with the blouse and fast delivery also bindi was so pretty. I will sure order from you again.
Aneeta, Canada
Keep up the good work.
Harihar, Canada
I have bought Ganesh Bell in past and every visitors at my home has appreciated very much. You have quality product and good service. Keep it up with good business. This time I am buying Ganesh-Laxmi bells.
Kanu, USA
I am a long-time customer of Exotic India for gifts for me and friends and family. We are never disappointed. Your jewelry craftspeople are very skilled artists. You must treasure them. And we always look forward to the beautifully decorated boxes you use to ship your jewelry.
Diane, USA
I have always enjoyed browsing through the website. I was recently in south India, and was amazed to note that the bronze statues made in Kumbakonam and Thanjavur had similar pricing as Exotic India.
Heramba, USA
Thank you very much for your services. I ordered a Dhanvantari Deity from this site and it came quickly and in good condition. Now Sri Dhanvantari ji is worshipped regularly before seeing each client and in the offering of our medicinal products. Thanks again.
Max, USA
Thank you for shipping my 2 Books! Absolutli a great job in this short time, 3 working days from India to Switzerland it`s fantastic!!! You have won some new clients!
Ruedi, Switzerland
TRUSTe
Language:
Currency:
All rights reserved. Copyright 2018 © Exotic India