|
|
|
 |
|
The following extracts are taken from academic and popular reviews of The Problem With Interest.
|
 |
 |
 |
|
 |
|
Muslim World Book Review October 1999
First edition reviewed by Muhammad Akram Khan
After much waiting a refreshing book on the subject of interest has finally appeared. In the din of confusing voices for and against interest, this is an enjoyably frank treatment of the subject ... I recommend it as compulsory reading for all those interested in the subject of interest and the Islamic position on money and banking.
|
|
 |
|
 |
 |
 |
|
 |
|
American Journal of Islamic Finance April 2004
Second edition reviewed by M. Syed Hoque
This is a well-researched, practical and comprehensive book on the flaws of the conventional fractional reserve banking system based on riba (interest). Some background in finance is assumed, and yet it is accessible to the lay-person who wants to understand the history of money, the eradication of gold as a legal tender and store of wealth, why certain Islamic financial products are in the early stages of implementation, and why others are not fully Sharia'a compliant yet.
|
|
 |
|
 |
 |
 |
|
 |
|
Amazon Book Review August 2004
H. Shacht
I received this book as a present and, as usual with books I don't really want to read, decided to take it on holiday. I wish I hadn't though because it made compelling reading. Being an accountant I thought I understood money but here was a very interesting Islamic viewpoint which challenges our notions of 'orthodox' economics. In fact, it's not exclusively an Islamic voice but rather the voice of reason.
|
|
 |
|
 |
 |
 |
|
 |
|
Amazon Book Review October 2004
R. Jackson
A comprehensive and fairly complex analysis of economic and monetary systems in the west today, yet an eye-opener to the self-destructive system we live in. Thoroughly recommended.
|
|
 |
|
 |
 |
 |
|
 |
|
Amazon Book Review November 2007
T. Choudhury
This is a fantastic book which really provides a convincing argument for the rational of why interest is forbidden in Islam (and in Christian and Jewish faiths) ... I highly recommend reading this book to open your mind to alternatives in terms of how humanity governs its economic infrastructure.
|
|
 |
|
 |
 |
 |
|
 |
|
Amazon Book Review January 2010
M. Uddin
Highly recommended book from an author who sincerely wants to educate people about the reality of the financial system we live in. Tarek presents compelling evidence for his carefully thought out, intelligent and well presented analysis. Definitely purchase this book, read, re-read and reflect.
|
|
 |
|
 |
 |
 |
|
 |
|
Amazon Book Review December 2010
UK reviewer (name withheld)
What Tarek has been saying since 1997 (year of first edition) is now also picked by others and one gets to come across these ideas more often. To his credit, he got there much earlier and wrote a wonderful book. This is the first book that I know of which made an economic case for Islam's prohibition on lending money on interest. Interestingly, those who favor gold as an investment and as currency from a purely secular point of view also say similar things ... What Tarek should have done in this 3rd edition is update the data and use more new research papers that support these views. For instance, the data for debt and deforestation is quite old, Brazil now has a booming economy and more in depth research is required to establish a clearer connection between debt and deforestation. But it's still the best book on the subject by all means.
|
|
 |
|
 |
 |
 |
|
 |
|
Amazon Book Review December 2011
T.I.M.
This book is a phenomenal piece of work, which sheds light to multiple aspects of current monetary policy, its history, development, main drivers and principles and how it has shaped our current economic life ...
|
|
 |
|
 |
 |
 |
|
 |
|
Amazon Book Review March 2012
Rehan J.
If there is one book you must read to understand the modern money system this is it, especially in the light of current developments in the world of finance. I found it quite an eye opener and it is written in a way that is easily accessible yet informative. Highly recommended.
|
|
 |
|
|