Historic Judgment on Interest
Mufti Muhammad Taqi Usmani
Pakistan's Supreme Court landmark ruling on the prohibition of riba
The most comprehensive legal and scholarly analysis of the riba prohibition ever written. Systematically refutes every argument used to justify modern bank interest as permissible under Islamic law.
This is the written judgment of Pakistan's Supreme Court Shariat Appellate Bench in the case challenging the permissibility of interest-based banking under Islamic law. Mufti Usmani, writing as a judge of that court, produced the most thorough scholarly analysis of the riba prohibition in any language.
The judgment addresses every major argument made by those who claim that modern bank interest differs from the riba prohibited in the Quran and Sunnah — and systematically refutes each one. Essential reading for anyone who has encountered the claim that "only excessive interest is haram."
Mufti Muhammad Taqi Usmani
Vice President, Darul Uloom Karachi · AAOIFI Shariah Board Chairman · Former Judge, Supreme Court of Pakistan
The world's foremost Islamic finance scholar. Chairs the Shariah boards of dozens of global Islamic banks and the AAOIFI. Author of the landmark Supreme Court judgment on riba and the most widely read English primer on Islamic finance.
All books by this authorThis book is part of a structured 10-unit course — 185+ lessons, every one with a real-world action. Go from reading to doing.