An Introduction to Islamic Finance
Mufti Muhammad Taqi Usmani
What this source says
Usmani's foundational primer sets out the Shariah basis for the prohibition of riba and then explains the principal Islamic finance instruments — Musharakah, Mudarabah, Murabaha, Ijarah, Salam and Istisna. A recurring theme is that these instruments are only valid when their economic substance, ownership transfer and risk-bearing genuinely differ from an interest-bearing loan; used as mere legal devices to replicate interest, they lose their legitimacy. The book is widely used as a reference by Shariah boards and Islamic finance practitioners.
Wording inside quotation marks is quoted from the source. The rest is this notebook’s summary of it — read the original before relying on it.
Provenance
- Source
- Muhammad Taqi Usmani, An Introduction to Islamic Finance (Kluwer Law International / Maktaba Ma'ariful Qur'an)
- Edition
- Kluwer Law International, 2002
- School / basis
- Hanafi
- Added
- 2026-06-03
- Trust
- A position recorded from a named, published source — reported accurately, not independently adjudicated.
Compiler’s note
Documented summary of a real, widely cited work; not a verbatim quotation of any passage. Already referenced as a source by existing curated entries.
Topics
islamic-financeribamurabahastructuresfiqh
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