The Law of Riba in Islamic Banking: Conventional and Unconventional Approaches to Interest-Free Financing

The issue of riba i.e., interest/the ’excess’ or ’surplus’ on loans is crucial for both Islamic and non-Islamic countries. This book argues that there is scope for new definitions and analysis based on alternative concepts, which respect Islamic values and principles, yet pave the way for modification and debate.

Hasan Gürak is a Senior Researcher at the School of Economics and Management, University of Lund, Sweden.

Neelambar Hatti is Professor Emeritus in the Department of Economic History, School of Economics and Management, University of Lund, Sweden.