Big iDeas 2012 Proposals

Title

Green Riba

Publication Date

2012

Abstract

In Arabic, riba' is a loan with the condition that the borrower will return to the lender more than and better than the quantity borrowed - interest. This proposal sees traditional interest as oppressive - especially in light of new evidence about the role of microfinance institutions and usury - and counter intuitive to traditional small-scale entrepreneurship. The proposed initiative also seeks to use elements of business sustainability and environmentalism as core roots of the plan. The combination of two progressive ideas - the lack of riba' and biocentrism - are core ethical components to Green Riba. However, in this instance the organization's name is intended to signify how environmentalism, sustainable practices and entrepreneurship can benefit from the "interest" of Green Riba.

Document Type

Article

Keywords

students, research, Dallas, Texas

Part of

Green Riba

Extent

6 pages

Format

.pdf

Rights

The files in this collection are protected by copyright law. No commercial reproduction or distribution of these files is permitted without the written permission of Southern Methodist University, Office of the Provost. These files may be freely used for educational purposes, provided they are not altered in any way, and Southern Methodist University is cited. For more information, contact ncds@smu.edu.

Language

English

File Conversion Information

Converted to .pdf.

Original File Information

Original resource submitted as: .docx, 5 pages

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