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

in Arab Law Quarterly
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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.

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

in Arab Law Quarterly

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References

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al-SanhūrīIbid. pp. 243-244.

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al-Sanhūrīsupra note 16 at 245 248.

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