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19.5.09

New Theories of Riba II

Following our recent posting on Dr Azeemuddin Subhani's New Horizon Interview, we provide links to the beginnings of his in-depth research into the true meaning of riba.

The Islamic Doctrine of Riba Prohibition: A Modular Hermeneutical Examination
Azeemuddin Subhani, MS Thesis, McGill University, 2001


The Islamic prohibition of riba is unequivocal but textually not explicit. The traditional and liberal theological, juridical and philosophical hermeneutical effort has addressed it comprehensively but not conclusively. This inconclusiveness is due to the absence of the identification of the distinctive characteristic of ribâ, resulting from the use of limited scope pre-defined juridical and economic paradigms employing a contextual exoteric approach, excluding the broader esoteric content. This promotes an internal hermeneutical imbalance between the variables of meaning, application, rationale, underlying cause and consequence of riba, preventing the full convergence and congruence of these narrowly defined paradigms with the broadly implied paradigm in the Qur'an and the Sunna, and obstructing the promulgation of the prohibition. The resolution of this hermeneutical gridlock, predicated upon the discovery of the distinctive rationale and the derivation of the underlying cause of ribà prohibition, has a direct bearing on the expansion of scope and unreserved acceptance of the prohibition.


Please stay posted for more by Dr Subhani.

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1 comment:

  1. I was wondering if Dr. Subhani could elaborate on the first sentence of his thesis "...textually not explicit"

    ReplyDelete