Contemporary Attempts to Harmonize Usury with Islamic Law: A Study of Al-Sanhūrī’s Civil Codes

Contemporary Attempts to Harmonize Usury with Islamic Law: A Study of Al-Sanhūrī’s Civil Codes This study sheds light on the question of usury ( ribā ) and the attempts made to harmonise it with Sharīʿah principles in the Muslim world. Special reference is made to the 20th century works of al-Sanhūrī. A descriptive, analytic methodology is adopted to explain the arguments advanced for admissibility of contemporary interest-based banking systems and to evaluate the excuses put forward for application of interest in the Muslim world. This study concludes that the array of excuses advanced during the 20th century for the admissibility of interest was not precisely founded on the principles of Islamic jurisprudence. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Arab Law Quarterly Brill

Contemporary Attempts to Harmonize Usury with Islamic Law: A Study of Al-Sanhūrī’s Civil Codes

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Publisher
Brill
Copyright
© Koninklijke Brill NV, Leiden, The Netherlands
ISSN
0268-0556
eISSN
1573-0255
D.O.I.
10.1163/15730255-12341312
Publisher site
See Article on Publisher Site

Abstract

This study sheds light on the question of usury ( ribā ) and the attempts made to harmonise it with Sharīʿah principles in the Muslim world. Special reference is made to the 20th century works of al-Sanhūrī. A descriptive, analytic methodology is adopted to explain the arguments advanced for admissibility of contemporary interest-based banking systems and to evaluate the excuses put forward for application of interest in the Muslim world. This study concludes that the array of excuses advanced during the 20th century for the admissibility of interest was not precisely founded on the principles of Islamic jurisprudence.

Journal

Arab Law QuarterlyBrill

Published: Nov 27, 2016

Keywords: usury; Islamic law; principles of jurisprudence; al-Sanhūrī’s Civil Codes; harmonization attempts

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