"For the past 1400 years or so, Muslims have been debating this issue of what exactly 'riba' is. And the vast majority of Muslims have come to the view that riba equals interest." - Prof Abdullah Saeed
 Prof Abdullah Saeed Professor Saeed is the Sultan of Oman Professor of Arab and Islamic Studies at the University of Melbourne. He is also the Director of the National Centre of Excellence for Islamic Studies and Asia Institute at the University of Melbourne.
Professor Saeed is an active researcher, focusing on one of the most important issues in Islamic thought: the negotiation of text and context, ijtihad and interpretation. He is a strong advocate of reform of Islamic thought and is frequently asked to present at events both nationally and internationally. He also participates in training courses on Islamic issues to community leaders and government agencies in Australia and abroad. Of particular interest, given the current climate, is the promotion of inter-religious initiatives. He regularly engages with the Muslim, Christian and Jewish communities at national and international symposia to enhance community understandings of Islam, Islamic thought and Muslim societies.
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Host: Jacky Angus
Producers: Kelvin Param, Eric Van Bemmel and Jacky Angus
Audio Engineer: Craig McArthur
Theme Music performed by Sergio Ercole. Mr Ercole is represented by the Musicians' Agency, Faculty of Music
Voiceover: Paul Richiardi
Series Creators: Eric van Bemmel and Kelvin Param
© The University of Melbourne, 2009. All Rights Reserved.
Indeed, the usury is simply
Indeed, the usury is simply unacceptable to the Quran, and is in disagreement with the basic pillars of Islam. "Deal not unjustly and you shall not be dealt with unjustly". However, in today's world, it is compulsory, because financial institutions are based on earnings from interest and form the basis of a successful economy.