THE POSITIONS OF SELECTED MUSLIM SCHOLARS IN NORTHERN NIGERIA ON RIBA (USURY)
THE POSITIONS OF SELECTED MUSLIM SCHOLARS IN NORTHERN NIGERIA ON RIBA (USURY)
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Date
2010-12
Authors
MUSA, SANI
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Abstract
This research was undertaken to make the position of selected
Muslim scholars in Northern Nigeria on usury Riba. The study
highlighted the argument in paper money either usury occurs in paper
money or only on gold and silver currency, the fact of the matter was
that, presently, in our daily transactions, we used paper money in place of
gold and silver currency. However, some Muslim see the bank interest as
a compensation of loss in purchasing power, which is wrong. In addition
the research has achieved in defining the concept of usury. Analyzing the
divergent views of the Nigerian Muslim scholars on usury. More so, the
study used random sampling in selecting the scholars to use in collections
of data. The instrument used for collections of data, was face to face
interview with some selected Northern Nigeria Muslim scholar on usury.
However, it has been discovered that, what occurs on gold and silver
currencies is also applicable to paper currency, such as Zakah and Riba.
Moreover, the government should establish an interest-free system of
economic were by capital generates one of the two, profit or loss.
Description
THIS THESIS SUBMITTED TO THE
POSTGRADUATE SCHOOL AHMADU BELLO
UNIVERSITY, ZARIA
IN PARTIAL FULFILLMENT OF THE
REQUIREMENTS FOR THE AWARD OF MASTER
DEGREE IN ISLAMIC STUDIES
(M.Ed ISLAMIC STUDIES)
DEPARTMENT OF EDUCATION,
ISLAMIC STUDIES SECTION,
FACULTY OF EDUCATION,
AHMADU BELLO UNIVERSITY, ZARIA
DECEMBER, 2010
Keywords
MUSLIM SCHOLARS,, NORTHERN NIGERIA ,, RIBA ,, (USURY)