RUDN Journal of Russian History (Dec 2013)

Bank Loan against Usurious Riba in the Value-Institutional System of Muslim Entrepreneurs of the Russian Empire in the late 19 th – early 20 th century

  • G G Kornoukhova

Journal volume & issue
Vol. 0, no. 2
pp. 109 – 116

Abstract

Read online

The article examines the business culture of Muslim entrepreneurs of the Russian Empire by means of value-institutional approach. Identified components of business conduct – the usurious riba and the Bank loan were imposed on the total value-institutional system of Muslim entrepreneurs. As a result the most strong correlation demonstrated the second component. This gives grounds to consider it more typical element of business conduct Muslim entrepreneurs in contrast to the charging usurious riba. Thus that one was exceptional phenomenon for Muslim business world of the end of 19 th – beginning of 20 th century.

Keywords