Description
About The Book
This book demonstrates that banking institutions can operate on the principle of profit-sharing without difficulty. It comprehensively addresses issues relevant to banking, bills of exchange, and the supply of short- and long-term interest-free loans.
About the Author
Dr. Muhammad Nejatullah Siddiqi, born in 1931 in Gorakhpur, India, was educated at the Muslim University Aligarh and Darsgah Jamat-e-Islami Rampur. He served as a professor of economics at King Abdul Aziz University in Jeddah at the International Centre for Research in Islamic Economics. He had previously been a professor and head of the Department of Islamic Studies, as well as a reader in economics at Aligarh University.
Dr. Siddiqi launched and edited Islamic Thought, a quarterly research journal, during his early academic career. He authored and translated over a dozen books on Islam and Islamic Economics, including: Economic Enterprise in Islam, Some Aspects of the Islamic Economy, Muslim Economic Thinking, Principles of Partnership and Profit-sharing in Islam, Banking without Interest, Insurance in Islamic Economy, Islam’s Theory of Property, The Road to Islamic Renaissance, and Urdu translations of Qadi Abu Yusuf’s Kitab al-Kharaj and Sayyid Qutb’s al-‘Adalah al-Ijtima’iyah fi’l-Islam. His contributions earned him the King Faisal International Prize for Islamic Studies in 1982.
