In this episode, we give a bit of background to the prohibition of ribā. There is little debate in the Islamic tradition on the prohibition of ribā. The differences, however, lie in the interpretation of ribā and the question of how to live in a society that is heavily reliant on interest and conventional banking, yet at the same time remain observant of the prohibition. We'll be exploring the origins of this conundrum.
Check out:
Book: A Comparative Study of Islamic Finance in Australia and the UK (Routledge, UK, 2022)