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Maqasid al Shari’ah in the Prohibition of Riba and their Implications for Modern Islamic Finance

Maqasid al Shari’ah in the Prohibition of Riba and their 
Implications for Modern Islamic Finance
By Monzer Kahf

"This paper aims at re-visiting, from the angle of modern finance, the objectives of Shari’ah in regard to the prohibition of Riba and examining the consistency of such Fatawa with these objectives and whether there are any Shari’ah-intrinsic alternatives that satisfy the same finance purposes which such Fatawa thought to achieve."

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