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The Problem with Interest, by Tarek El-Diwany
Get Free Ebook The Problem with Interest, by Tarek El-Diwany
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The Problem With Interest is now in its second edition. Since the publication of the first edition in 1997, the book has been revised with new information and ideas, and continues to provide a practical commentary on the extent to which usury is now affecting humanity. Technically detailed but highly readable, it provides a genuine alternative to the conventional understanding of financial economics that appears in much of the media and mainstream academia.
- Sales Rank: #2310413 in Books
- Published on: 2010-10-18
- Dimensions: 9.02" h x .71" w x 5.98" l, 2.00 pounds
- Binding: Paperback
- 288 pages
Most helpful customer reviews
8 of 8 people found the following review helpful.
A powerful and compelling case for an ethical, interest-free, monetary economy
By LEJ Brouwer
Monetary economics may appear to be a kind of hidden black art understood only by an elite handful pulling all the strings. But as one reads Mr Diwany's book it becomes clear that the conditions for a just and fair monetary system are actually technically rather restrictive. Indeed if one follows the discussion closely one is led, seemingly unavoidably, to a monetary system of the kind prescribed in Islam which disallows interest completely, and requires the payment of 'zakat', which is a form of annual charitable tax fixed at 2.5% of assets owned.
Mr Diwany's logic is impeccable, and his arguments are backed up by numerous poignant illustrative examples, which leave the reader in little doubt regarding the conclusions reached. The case put forward for an ethical, interest-free, monetary economy is powerful and compelling, and this book should be mandatory reading for anyone concerned about the illnesses plaguing the economy today and wondering if there might exist a more just and fair alternative.
1 of 1 people found the following review helpful.
Loved it!
By Zaid Hayyeh
Very informative and has an excellent summary of the history of the financial services sector. After reading this book I had a much better understanding of why the system has cycles.
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