The Prohibition of Interest in Western Literature

Paul S. Mills and John R. Presley
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Paul S. Mills: HM Treasury
John R. Presley: University of Loughborough

Chapter 8 in Islamic Finance: Theory and Practice, 1999, pp 101-113 from Palgrave Macmillan

Abstract: Abstract Moneylenders have never been popular — condemned for their laxity in good times and for their parsimony and greed in bad. Bankers, and orthodox economists, dismiss such feelings as the result of irrational cultural prejudice. Given a competitive supply of credit, any belief that lenders are exploiting their borrowers is thought irrational.

Keywords: Western Literature; Loan Contract; Business Loan; Islamic Finance; Unearned Income (search for similar items in EconPapers)
Date: 1999
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DOI: 10.1057/9780230288478_8

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