Prohibition of Riba interest and its philosophy : Islamic banking and finance books

Fatawa Question

As Salaam Alaikum Dr. Monzer Kahf, Recently I've been trying to get my hands on as many resources (books or websites) on Islamic finance. Are there any books that you would recommend that can give a clear understanding on Islamic finance and buying a home ? I live in New York and I'm trying to find an Islamic bank that I can work with that is not dealing with usury so I can buy a home. I've yet to find a resource that can clearly explains in "layman’s terms" how Islamic finance works in various investments. It seems like there are a lot of banks that say they are Shari’ah compliant but when you peel back the layers they are not. Where is a well-intentioned Muslim to go to get the right information from a reputable source ? Any answers you can provide, In Sha Allah, would be greatly appreciated. JazakAllah Khair Malik

Fatwa

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Publication Date

2009-04-07

Main Subjects

Financial and Accounting Sciences
Islamic Studies

Topics

• Islamic jurisprudence
• Usury
• Islamic Banks

No. of Pages

1

Data Type

Fatawa

Language

English

Record ID

BIM-729567

• APA
• MLA
• AMA