Interest and usury in theory and practice, and the problems of transition of contemporary Islamic economy in the no-interest economy Cover Image

Kamata i lihvarstvo u teoriji i praksi i problemi tranzicije savremene islamske privrede u beskamatnu
Interest and usury in theory and practice, and the problems of transition of contemporary Islamic economy in the no-interest economy

Author(s): Izet Ibreljić
Subject(s): Economy
Published by: Naučnoistraživački institut »Ibn Sina«

Summary/Abstract: In the presented paper, author tries to analyse one of the less common aspects of interest and to tie it to newest activities of tranzition to no-interest society in islamic world. By research based on different literature, the reader is enabled to make comparison between Homo Islamicus and Homo Economicus in this modern time, and to create own opinion about allways actual phenomenon of interest in social, economic and political human life. Besides that, reader is enabled to make comparison between two concepts and principles of different economic systems, where one iy ancient follower of human civilization and second, which is still in development. In essence, these systems are based on opposite moral principles. One system gives an advantage to own (personal) interests above social, or in the contrary to social above own interests. Unfortunately, modern human has to make a choice in its way of life according to one of them.

  • Issue Year: 2001
  • Issue No: 13-14
  • Page Range: 224-235
  • Page Count: 12
  • Language: Bosnian