Abstract
We give a rough sketch of the Judaic, Greek, Islamic and Christian
positions in the matter of interest prohibition during the last few
millennia and discuss the way in which interest prohibition is dealt
with in Islamic finance, the problems with authority-based arguments for interest prohibition, and the prospects of interest prohibition
with the advent of electronic money.
Preprint available:
arXiv:1104.2471 [q-fin.GN]