The Prohibition of Usury in Islamic Economic Viewpoint
DOI:
https://doi.org/10.32332/tapis.v6i1.4635Keywords:
Islamic Prohibition, Usury, Islamic Viewpoint, Islamic EconomicsAbstract
Usury is a praxis, which can cause economic disruption. Many intellectuals in the field of economics, philosophers, and religious experts have discussed this case globally. This study aims to describe the concept of Usury and how Islamic Economics view usury’s praxis, which will be described in this paper according to Quran and Hadith statements. The method used in this research is a qualitative method by conducting library research using books, journals, articles, the Holy Qur’an, and Sunnah as a source of references. The result found that Usury is prohibited in Islam because of the economic effect caused by usury praxis. There are many sources in the Quran and Hadith that can be used as references concerning the prohibition of Usury. Thus, it can be concluded that the Muslim people should follow and perform what had been stated in Quran as a guideline for living according to Islamic principles.
References
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Taeusch, C. F. (1942). The Concept of “Usury” the History of an Idea. Journal of the History of Ideas, 3(3), 291–318.
Tho’in, M. (2016a). Larangan Riba dalam Teks dan Konteks (Studi Atas Hadits Riwayat Muslim Tentang Pelaknatan Riba). Jurnal Ilmiah Ekonomi Islam, 2(02), 63–72. https://doi.org/10.29040/jiei.v2i02.44
Tho’in, M. (2016b). Prohibition of Riba in Text and Context (Study of Hadith Muslim History About the Practice of Riba). Scientific Journal of Islamic Economics, 2(02), 63–72. https://doi.org/10.29040/jiei. v2i02.44
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Visser, W. A. M., & Macintosh, A. (1998). A short review of the historical critique of usury. Accounting, Business & Financial History, 8(2), 175–189. https://doi.org/10.1080/095852098330503
Budiantoro, R. A., Sasmita, R. N., & Widiastuti, T. (2018). Sistem Ekonomi (Islam) dan Pelarangan Riba dalam Perspektif Historis. Jurnal Ilmiah Ekonomi Islam, 4(01), 1. https://doi.org/10.29040/jiei.v4i1.138
Calder, R. (2016). God’s Technicians: Religious Jurists and the Usury Ban in Judaism, Christianity, and Islam. Archives Europeennes de Sociologie, 57(2), 207–257. https://doi.org/10.1017/S0003975616000096
Chapra, M. U. (2008). The Nature of Riba in Islam. Millah Jurnal Studi Agama, 8(1), 1–16.
Cresswell, J., & Poth, C. N. (2018). Qualitative Inquiry & Research Design: Choosing Among Five Approaches, second ed., John W. Cresswell. In SAGE Publication 11(2), 211. SAGE Publication. http://linkinghub.elsevier.com/retrieve/pii/S157462670800027X
de Roover, R. (1967). The Scholastics, Usury, and Foreign Exchange. Business History Review, 41(3), 257–271. https://doi.org/10.2307/3112192
Donovan, L. O. (1998). The Theological Economics of Medival Usury Theory. 1350, 48–64.
Istiqomah, L. (2020). The Concept of Riba in the Qur’an and Its Implications for the Economy. An-Nisbah: Islamic Banking Journal, 1(1), 73–88.
Jafri, S. H. A., & Margolis, L. S. (1999). The treatment of usury in the holy scriptures. Thunderbird International Business Review, 41(4–5), 371–379. https://doi.org/10.1002/tie.4270410405
Kurniawan, R. R. (2021a). Dampak Riba Menurut Al-Quran dan Hadist. Ulumul Qur’an: Jurnal Ilmu Al-Qur’an Dan Tafsir Volume, x, 1–12.
Kurniawan, R. R. (2021b). The Impact of Riba According to the Quran and Hadith. Ulumul Qur’an: Journal of Qur’anic Science and Tafsir Volume, 1–12. http://dx.doi.org/ 10.31219/osf.io/dtcmj
Maiti, & Bidinger. (2021). The Evolution of Interest and Debt. In Usury. Routledge.
Maloney, Rober P. (1973). The Teaching of The Fathers on Usury: A Historical Study on The Development of Christian Thinking.
Maloney, Robert P. (1971). Usury in Greek, Roman and Rabbinic Thought. Traditio, 27, 79–109.
Neni Hardiati, & Sofian Al Hakim. (2021). Aplikasi Bunga Bank Menurut Teori Double Movement Fazlur Rahman dalam Kajian Hukum Islam Kontemporer. Jurnal Indonesia Sosial Sains, 2(1), 77–91. https://doi.org/10.36418/jiss.v2i1.145
Persky, J. (2007). From Usury to Interest. The Journal of Economic Perspectives, 21(1), 227–236.
Rahim, A. (2015b). The Concept of Interest and Principles of Islamic Economics in Islamic Banking , 2.2 (2015), 1–15. Human Falah: Journal of Islamic Economics and Business, 2(2), 1–15. http://jurnal.uinsu.ac.id/index.php/humanfalah /article/view/184
Sumarti. (2020). Riba in Ibn Kathir’s View: A Normative Study 2.02 (2020), 129–41. Teraju, 2(02), 41.
Taeusch, C. F. (1942). The Concept of “Usury” the History of an Idea. Journal of the History of Ideas, 3(3), 291–318.
Tho’in, M. (2016a). Larangan Riba dalam Teks dan Konteks (Studi Atas Hadits Riwayat Muslim Tentang Pelaknatan Riba). Jurnal Ilmiah Ekonomi Islam, 2(02), 63–72. https://doi.org/10.29040/jiei.v2i02.44
Tho’in, M. (2016b). Prohibition of Riba in Text and Context (Study of Hadith Muslim History About the Practice of Riba). Scientific Journal of Islamic Economics, 2(02), 63–72. https://doi.org/10.29040/jiei. v2i02.44
Ustaglu, M., Simsek, H., & Bayindir, S. (2020). A History of Interest and Debt: Ancient Civilization. In M. Ustaoglu & A. Incekara (Eds.), A History of Interest and Debt Ancient Civilizations. Routledge.
Uswah Hasanah. (2014). Riba Dan Bunga Bank Dalam Perspektif Fiqh. Wahana Inovasi, 3(1), 14–22. U Kalsum - Al-’Adl, 2014 - ejournal.iainkendari.ac.id
Visser, W. A. M., & Macintosh, A. (1998). A short review of the historical critique of usury. Accounting, Business & Financial History, 8(2), 175–189. https://doi.org/10.1080/095852098330503
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2022-06-30
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