1965•Comparative Studies in Society and HistoryRequires access

Usury in Early Mediaeval India (A.D. 400–1200)

Raghav Sharma

Abstract

I. Attitudes towards Usury In many ancient societies the very idea of taking interest was considered to be reprehensible and immoral. The term usury, which comes to be applied to lending at rates above the legal rates, has a tinge of something socially and religiously undesirable about it. In early and mediaeval Indian society it is not always possible to draw a precise line between usury and interest, and hence the subject can be best studied by examining the data on interest and money-lending.

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Key concepts: Usury, Economics, Subject (documents), Interest rate, Monetary economics, Philosophy, Theology, Islam