Contemporary Perspectives Towards the Term of Interest Based on the Principles of Islamic Sharia

Abstract

As a completion of PhD thesis, this study gives a definition for the term of interest and identifies its parts, principles and the validity of its using as well. It also gives an overview for the contemporary scholars and their perspectives and attitudes towards the term of interest. The study aims to explain the reasons and methods of the scholars for the concept of interest. It also gives a discussion on the scientific mistakes that the scholars committed due to outweigh interest than religion texts and its consequences as well.