Islamic economics [IE] emerged with a new vision and aspiration of a better path to development. Unfortunately, IE has evolved mostly as an intellectual/academic shell, in which poverty eradication, except in rhetoric, is a peripheral concern.Gradually, IE was eclipsed by its offshoot, Islamic...

There is no controversy that Islam prohibits 'riba.' However, the meaning and scope of the concept have generated impassioned controversy, especially on whether riba and bank interest are to be considered equivalent. The focus of this essay is not on whether interest is riba, a topic that often...