Warning: include(domaintitles/domaintitle_wiki.exoticindiaart.php3): failed to open stream: No such file or directory in /home/exotic/newexotic/header.php3 on line 761

Warning: include(): Failed opening 'domaintitles/domaintitle_wiki.exoticindiaart.php3' for inclusion (include_path='.:/usr/lib/php:/usr/local/lib/php') in /home/exotic/newexotic/header.php3 on line 761

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)
Best Deals
Share our website with your friends.
Email this page to a friend
Books > Language and Literature > Islam > Towards Interest-Free Banking
Subscribe 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 2593 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

Items Related to Towards Interest-Free Banking (Language and Literature | Books)

A Bank For The Buck (The New Bank Movement & The Untold Story of The Making of India's Most Valued Bank)
Deal 20% Off
by Tamal Bandyopadhyay
Paperback (Edition: 2013)
Jaico Publishing House
Item Code: NAH540
$27.50$22.00
You save: $5.50 (20%)
Add to Cart
Buy Now
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
Deal 20% Off
by Dr. Mohammad Uzair
Paperback (Edition: 2000)
Kitab Bhavan
Item Code: NAJ560
$20.00$16.00
You save: $4.00 (20%)
Add to Cart
Buy Now
Banking and Islamic Law
Deal 20% Off
Item Code: IDH234
$20.00$16.00
You save: $4.00 (20%)
Add to Cart
Buy Now
Bankim's Hinduism (An Anthology of Writings by Bankim Chandra Chattopadhyay)
Deal 20% Off
by Amiya P. Sen
Hardcover (Edition: 2011)
Permanent Black
Item Code: NAF836
$35.00$28.00
You save: $7.00 (20%)
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
Deal 20% Off
Item Code: IDJ099
$6.00$4.80
You save: $1.20 (20%)
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)
Item Code: IDL042
$30.00
Add to Cart
Buy Now
Testimonials
Thank you for such wonderful books on the Divine.
Stevie, USA
I have bought several exquisite sculptures from Exotic India, and I have never been disappointed. I am looking forward to adding this unusual cobra to my collection.
Janice, USA
My statues arrived today ….they are beautiful. Time has stopped in my home since I have unwrapped them!! I look forward to continuing our relationship and adding more beauty and divinity to my home.
Joseph, USA
I recently received a book I ordered from you that I could not find anywhere else. Thank you very much for being such a great resource and for your remarkably fast shipping/delivery.
Prof. Adam, USA
Thank you for your expertise in shipping as none of my Buddhas have been damaged and they are beautiful.
Roberta, Australia
Very organized & easy to find a product website! I have bought item here in the past & am very satisfied! Thank you!
Suzanne, USA
This is a very nicely-done website and shopping for my 'Ashtavakra Gita' (a Bangla one, no less) was easy. Thanks!
Shurjendu, USA
Thank you for making these rare & important books available in States, and for your numerous discounts & sales.
John, USA
Thank you for making these books available in the US.
Aditya, USA
Been a customer for years. Love the products. Always !!
Wayne, USA
Language:
Currency:
All rights reserved. Copyright 2020 © Exotic India