Rizwan Zubair - Islamic Banking

About this guide

Islamic Banking and Riba is a plain-English explanation by Muhammad Rizwan Zubair of what the Quran means by Riba (interest and usury), the proofs from the Quran and Hadith, the positions of the schools of fiqh, and how the main Islamic banking products — Murabaha, Ijara, Musharaka and Diminishing Musharaka — actually work for the ordinary customer. It is the English version of the Urdu guide; a YouTube discussion series covers the same topics.

Contents of this guide

Introduction; The Definition of Riba; An Alternative to Riba — A Foundational Point; Islamic Banking; Murabaha; Ijara; Diminishing Musharaka; The Arguments Given in Its Defence; The Account of the People of the Sabbath.

Quranic verses and hadith discussed include al-Baqarah 2:275 and 2:278–280, al-Baqarah 2:65–66, al-A‘raf 7:163–166, Sahih Muslim 1981 and Sunan Ibn Majah 2433.