03-11-2005, 01:01 AM
There is no doubt that interest is haram, I have just been reading a very insightful and enlightening articles on islamic-finance.com by Tarek El Diwany. I would suggest that anyone wishing to gain an understanding the principlas of Islamic Finance look at the articles posted in the editorial. I do not know anything about El Diwany other than what info is given about him on the website but he appears to have a very good grasp of finance and how it relates to islamic principles. He has also written a book the Problem with Interest. A recommended read for anyone wishing to know more about interest and islam.