Analysis of Underlying Cause of (Riba) in Islamic Law The Opinions of Muslim Jurists

Mohammad Nawaz al Hassani

  • Mohammad Nawaz al Hassani
Keywords: Jurisprudence, Economics, Interest, {Riba},, Muslim Jurists

Abstract

Abstract Prophet (ṠAAS) explained six usurious properties as a sample of interest such as gold, silver, wheat, barley, date and salt and when these are exchanged by homogenous with stipulated excess of property or time or these are exchanged by homo-estimation in weight or measurement with stipulated excess of time this excess is riba and the riba al fadl is found in these six properties as well in all those weighable and measurable properties where underlying cause of riba is found and wherever its underlying cause is not found such as nonweighable and non-measurable properties though these are fungible {mithly} or non-fungible {qiemi} properties the riba al fadl is not found. The riba al nasia may be found in properties wherever the underlying cause of riba al nasia is found though these are weighable or measurable properties or non-weighable and measurable properties and it is on the basis of analogy and this analogy based on the underlying cause of interest {riba}, so this article aims to define underlying cause as a general and to explain the ingredients of this definition and then discusses about the underlying cause of riba specifically and elaborates the dispute of Muslim jurist regarding to underlying cause of interest {riba}.

Author Biography

Mohammad Nawaz al Hassani

Assistant Professor, Department of Arabic & Islamic Studies The University of Lahore, Lahore, Pakistan

Published
2016-03-15
Section
Arabic Articles