... of money capital productivity, which subsequently led to the positioning of interest as an indispensable cost of capital in economic thought. Findings By examining the relevant literature on early economic thought, which was often intertwined with religious discourses, it seems that classifying loans...

...Islam Kamal Purpose This research aims to examine how the clarity of interest-condemning verses in religious texts, coupled with the influence of religious authorities, has shaped the discourse on prohibiting interest-bearing loans across Judaism, Christianity and Islam. Design/methodology...

...Muhammad Iqbal Anjum Purpose This paper aims to contribute an Islamic critique of various competing economic system’s theories of interest, which have evolved within the distinct ideological frameworks of distinct rival economic systems and religions from the point of view of discovering potential...

...Hamida Mubasshera; Salina H. Kassim Purpose – The purpose of this paper is to examine the relationship between war and interest-based transaction by analyzing the case of the late Ottoman Empire from a historical economic perspective. It also attempts to provide a deeper understanding...

...Hifzur Rab; Syeda Anjum Purpose The paper's aim is to study the system of interest, its crippling of the market by monetary manipulation and creation of gross disparity and its consequences and to explore an efficient Islamic alternative. Design/methodology/approach The application of science...

...Mohammad Zakir Hossain Purpose The purpose of this paper is to present an analytical justification from statistical view point about why Islam has strictly forbidden interest for the humankind. Design/methodology/approach It is a theoretical paper that looks into analytical views...

... is based on a debatable conceptual approach. It provides a longitudinal view of the issue of replacing the interest‐based financial system in Pakistan with an interest‐free system by taking the religious, socio‐economic and political factors of the country. Findings The findings of the paper hold...

...Ahamed Kameel; Mydin Meera; Moussa Larbani Purpose Having argued in the part I paper that the interest‐based fiat monetary system is not compatible with the objectives of the Islamic law or the Shariah, this paper seeks to argue why commodity moneys, like the gold dinar and silver dirham...

...Ahamed Kameel Mydin Meera; Moussa Larbani Purpose To reason whether the interest‐based fiat monetary system is compatible with the objectives of the Islamic law or the Shariah. Design/methodology/approach This is a theoretical paper that uses the quantity theory of money and the objectives...