Relevance To Modern Times
Siddiqi suggests the key to whether the idea of prohibition of riba is effective is whether it can produce stability and efficiency in the economy and if it is conducive to growth and development and increase justice and fairness.
The model of profit-sharing on the liability side of the banking system would make the financial system more stable than using riba. The sharing arrangements between suppliers and users of resources for producing wealth improves business cycles and stability in the economy.
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Famous quotes containing the words relevance to, relevance, modern and/or times:
“... whatever men do or know or experience can make sense only to the extent that it can be spoken about. There may be truths beyond speech, and they may be of great relevance to man in the singular, that is, to man in so far as he is not a political being, whatever else he may be. Men in the plural, that is, men in so far as they live and move and act in this world, can experience meaningfulness only because they can talk with and make sense to each other and to themselves.”
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“The most striking fault in work by young or beginning novelists, submitted for criticism, is irrelevance—due either to infatuation or indecision. To direct such an author’s attention to the imperative of relevance is certainly the most useful—and possibly the only—help that can be given.”
—Elizabeth Bowen (1899–1973)
“The experience of the gangster as an experience of art is universal to Americans. There is almost nothing we understand better or react to more readily or with quicker intelligence.... In ways that we do not easily or willingly define, the gangster speaks for us, expressing that part of the American psyche which rejects the qualities and the demands of modern life, which rejects “Americanism” itself.”
—Robert Warshow (1917–1955)
“But ice-crunching and loud gum-chewing, together with drumming on tables, and whistling the same tune seventy times in succession, because they indicate an indifference on the part of the perpetrator to the rest of the world in general, are not only registered on the delicate surfaces of the brain but eat little holes in it until it finally collapses or blows up.”
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