Riba In Perspective Fiqh Muamalah and Interest Theory of Conventional Financial Institutions Products

18 Pages Posted: 18 Dec 2018 Last revised: 23 Feb 2019

See all articles by Abdul Aziz

Abdul Aziz

IAIN Syekh Nurjati Cirebon

Date Written: February 22, 2019

Abstract

In the past, tomorrow and tomorrow, it seems that the practice of riba is not easy to eliminate immediately. This is because already used to practice usury is always a hope to achieve profit. The essence of the practice of usury is the exploitation of the rich (strong) on the weak in a way that is not true. RIBA activity is the activity of activities that exploit the needs of the weak, over funding of capital wealth on weak economic capital, whether implemented by the financial institution and others. Therefore, the presence of Islam as a religious teaching is not expected for usury. Riba and all its types are banned.

Keywords: Fiqih, Muamalah, Riba, Bunga

JEL Classification: K12

Suggested Citation

Aziz, Abdul, Riba In Perspective Fiqh Muamalah and Interest Theory of Conventional Financial Institutions Products (February 22, 2019). Available at SSRN: https://ssrn.com/abstract=3285683 or http://dx.doi.org/10.2139/ssrn.3285683

Abdul Aziz (Contact Author)

IAIN Syekh Nurjati Cirebon ( email )

By Pas Sunyaragi Cirebon
Cirebon, IN West Java 45153
Indonesia
08172300226 (Phone)

HOME PAGE: http://info.syekhnurjati.ac.id/

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