"Riba and Interest in Islamic Banking: an Historical Review" | |
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Siddiqi, Mohammad Nejatullah 1 January 2004 | However, there is no historical evidence to suggest that riba al-jahiliya also consisted of transactions that were similar to modern loans on interest |
Encyclopedia of Islam and the Muslim World.
What constitutes Riba, has, however, been a subject evoking deliberation and debate over the centuries that followed divine revelation | 981] no date , Ahkam al-Quran, V |
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Those who equate riba with interest seek support from al-Jassas, who claimed that pre-Islamic Arabia practiced a form of riba where money was lent at a predetermined sum over the principal amount |