RIBA, BANK INTEREST AND ITS PROHIBITION OF ITS PROHIBITION

ABOUT THE AUTHOR Winner of the King Faisal International Prize for Islamic Studies, Mohammad Nejatullah Siddiqi was born in India in 1931. Educated in Aligarh Muslim University and Sanvi Darsgah Jamaat-e-lslami Hind, Rampur, he also studied at Madrasatul lslah, Saraimir, Azamgarh. Professor Siddiqi served as Associate Professor of Economics and professor of Islamic Studies at the Aligarh University and as Professor of Economics at King Abdul Aziz University, Jeddah, in its Centre for Research in Islamic Economics. Later, he was a Fellow at the Centre for Near Eastern Studies at the University of California, Los Angeles and after that a Visiting Scholar at the Islamic Research and Training Institute, lslamic’DeveIop§pent Bank, Jeddah. During his long academic career, he has supervised a number of Ph.D. theses in Universities in India, Saudi Arabia and Nigeria. Among the several works of Dr. Siddiqi are: Recent Theories of Profit, A Critical Examination (19_71), Economic Enterprise in Islam (1972), Muslim Economic Thinking (1981), Banking Without lnterest,(1983) Insurance in an Islamic Economy (1985), Teaching Economics in Islamic Perspective (1996), Role of State in Islamic Economy (1996) and dialogue in Islamic Economics (2002). For his contributions to Islamic Economics, he was recently awarded the Shah Waliullah Award in Delhi (2003). A Prolific writer in Urdu on subfects such as lslami Adab (1960), Muslim Personal Law (1971) and Islamic Movement in Modern Times (1995), Siddiqi y has also translated Abu Yusuf’s Kitab al Kharaj (1966). He has a comprehensive work on Islam’s View on Property (1969). Several of his worlrs have been translated into.A,rabic, Persian, Turkish, Indonesian