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The Islamic Prohibition on Interest : Muslim Americans’ Financial Understandings, Attitudes, and Behavior

Creator:

Moussaoui, Ibrahim

Abstract:

In Islam, paying and receiving interest is prohibited based on the belief that money should not be a commodity that is “rented” out; instead, Islamic lending structures arrange loans on an equity basis. This work examines the historical origins of interest prohibition and explains how different Islamic financial products provide...

Resource Type:

Honors College Thesis

Full Text:

to my parents, Ahmed and Myriam who have worked tirelessly to raise me with good values. To them I