History of Interest and Debt - Ancient Civilizations

This book explores the roots of the prohibition of interest and how interest has been justified as a viable practice in financial transactions. It offers insight into the current nature of finance and economics and the distinctive features of Islamic finance, and enables researchers to review interest-free financing models.

List of contents

1. An introduction to interest and debt 2. Dynamics of Social Life in Ancient Mesopotamian Civilizations as Historical Precursors of Interest/riba within the Context of Religion, Politics and Economics 3. Institutional Interest-bearing Debt in Ancient Civilizations: Sumerian Era 4. TheMerchant Societies and Usury: Assyrians and Babylonians 5. Social Costs of Interest-bearing Debt in Ancient Greece 6. Debt and Politics in Ancient Roman 7. Interest-bearing Debt in Ancient Egypt 8. Interest and Debt in Ancient China 9. Dynamics of Interest-bearing Debt in Hinduism 10. Interest and Debt in the Buddhist Economic Doctrine 11. Interest and Debt in Ancient Era

About the author

Murat Ustaoğlu is an associate professor of economics at Istanbul University, Istanbul, Turkey, and currently a visiting scholar at the City University of New York, USA.
Ahmet İncekara is a professor of economics at Istanbul University, Istanbul, Turkey.

Summary

This book explores the roots of the prohibition of interest and how interest has been justified as a viable practice in financial transactions. It offers insight into the current nature of finance and economics and the distinctive features of Islamic finance, and enables researchers to review interest-free financing models.

Product details

• Authors: Murat Incekara Ustaoglu
• Assisted by: & (Editor), Ahmet ¿Ncekara (Editor), Ahmet İncekara (Editor), Ustao& (Editor), Murat Ustao¿Lu (Editor), Murat Ustaoğlu (Editor)
• Publisher: Taylor & Francis Ltd.
• Languages: English
• Product format: Hardback
• Released: 10.07.2020
• EAN: 9780367484880
• ISBN: 978-0-367-48488-0
• No. of pages: 134
• Series: Islamic Business and Finance Series
• Subjects: Social sciences, law, business > Business > Miscellaneous; HISTORY / Middle East / General, BUSINESS & ECONOMICS / Economics / General, BUSINESS & ECONOMICS / Money & Monetary Policy, BUSINESS & ECONOMICS / Economic History, RELIGION / Islam / General, BUSINESS & ECONOMICS / Banks & Banking, BUSINESS & ECONOMICS / Economics / Macroeconomics, BUSINESS & ECONOMICS / Finance / General, BUSINESS & ECONOMICS / Interest, BUSINESS & ECONOMICS / Islamic Banking & Finance, Religion: general, Economic history, BUSINESS & ECONOMICS / International / Economics & Trade, Credit and credit institutions, Credit & Credit Institutions