The nature of Riba and rationale of prohibition : Riba, views of Shaikh Muhammad Abduh and Shaikh M. Rashid Rida

Fatawa Question

Assalamu Alaikum. Almost twenty-five years ago, I met you the first time at ISNA annual convention, where Dr. Abdullah Ahsan, at that time a doctoral student at U-Michigan (currently at IIU, Malaysia), introduced me to you. At that time, I just came to USA and was an undergraduate student. How time flies fast ! Recently, I came across a statement from Dr. Azzam Tamimi as following. In an article Islam and Democracy in the Arab World, [http://www.southasianmedia.net/Magazine/Journal/6_Islam_and_democracy.h tm] Dr. Tamimi mentioned about Imam Hasan al-Banna: The genius of Al-Banna manifested in his ability to take the concerns of the intellectuals of his time and the reformists that preceded him to the people. Working not from mosques or cultural clubs but from café shops and popular meeting places, he reiterated in simple and direct terms the calls for reform made by reformers of the 19th century. On colonialism, he echoed Jamal Al-Din Al-Afghani and Mustafa Kamil (1874-1908) ; on Iba (usury), Abduh and Rida ; on the influence of foreign companies, M. Kamil ; on intellectual chaos and loss of moral values, Abduh and Rida ; on blind imitation of the west, Afghani and Shakib Arsalan (1869-1946) ; on man-made laws that fail to curb crime or deter criminals, Arsalan ; on mismanagement of education, Abduh; on signs of desperation and loss of will, Arsalan and Kamil10."" Dr. Tamimi refers to the following citation in this regard. Su’ud Al-Mawla, Min Hasan Al Banna Ila Hizb al-Wasat (from Hasan al-Banna to al-Wasat party), Beirut, 2000. Can you shed some light about his assertion that Sh. al-Banna echoed views of Abduh and Rida on Riba (usury) ?

Fatwa

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Publication Date

2006-08-04

Main Subjects

Economics & Business Administration
Islamic Studies

No. of Pages

2

Data Type

Fatawa

Language

English

Record ID

BIM-790184

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