Cookies Policy

This site uses cookies. By continuing to browse the site you are agreeing to our use of cookies.

I accept this policy

Find out more here

The Prohibition of Ribā and the Use of Ḥiyāl by Islamic Banks to Overcome the Prohibition

No metrics data to plot.
The attempt to load metrics for this article has failed.
The attempt to plot a graph for these metrics has failed.
The full text of this article is not currently available.

Brill’s MyBook program is exclusively available on BrillOnline Books and Journals. Students and scholars affiliated with an institution that has purchased a Brill E-Book on the BrillOnline platform automatically have access to the MyBook option for the title(s) acquired by the Library. Brill MyBook is a print-on-demand paperback copy which is sold at a favorably uniform low price.

Access this article

+ Tax (if applicable)
Add to Favorites
You must be logged in to use this functionality

image of Arab Law Quarterly

This article discusses the meaning of ribā according to the opinions upheld by both the majority as well as minority of Islamic scholars. Although Islamic scholars are in agreement about the prohibition of ribā, they do differ with regard to its meaning. This divergence of opinions translates into such questions as whether the interest charged and paid by today’s conventional banks is ribā. While the majority of Islamic scholars are of the opinion that current bank interest is ribā, a small but convincing minority of scholars do not consider bank interest to be ribā. The need for Islamic banks arises from the majority’s interpretation of ribā. This article also evaluates the most popular products provided by Islamic banks and the validity of ḥiyal (pl. of ḥīlah) involved in adopting them.

Affiliations: 1: College of Law, Sultan Qaboos


Full text loading...


Data & Media loading...

Article metrics loading...



Can't access your account?
  • Tools

  • Add to Favorites
  • Printable version
  • Email this page
  • Subscribe to ToC alert
  • Get permissions
  • Recommend to your library

    You must fill out fields marked with: *

    Librarian details
    Your details
    Why are you recommending this title?
    Select reason:
    Arab Law Quarterly — Recommend this title to your library
  • Export citations
  • Key

  • Full access
  • Open Access
  • Partial/No accessInformation