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Jurnal M. Rizwan
Jurnal M. Rizwan
ABSTRACT
1. Introduction
The prohibition of Riba (usury) in Islam is one of the crucial
factors that Islamic banking comes into existence. Interest earned
from deposits or charged to a loan is not permissible under the
shariah law. Any transaction that has the element of Riba (usury)
is against the teaching of Islam. Interest in whatever form is
1
Imam Thabariy, Tafsir al-Thabariy, juz 6, pg. 7; Ibnu al-Arabiy, Ahkaam al-
Quraan,juz 1, pg. 320; Mohammad Ali As-Saayis, Tafsiir Ayaat al-Ahkaam, juz
1, pg. 16; Subulus Salam, juz 3, 16; al-Mabsuuth, juz 14, pg. 461; Abu Ishaq,
Al-Mubadda, juz 4, pg. 127; al-Inayah Syarh al-Hidayah, juz 9, pg. 291; al-
Jauharah al-Nayyiirah, juz 2, pg. 298; Mughniy al-Muhtaaj ila Syarh al-Faadz
al-Minhaaj, juz 6, pg. 309
2
Imam Ibnu al-Arabiy, Ahkaam al-Quran, juz 1, pg. 321
3
Imam Suyuthiy, Tafsir Jalalain, surat al-Baqarah:275
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M. Rizwan : Economics impact on prohibition of riba
4
al-Mabsuuth, juz 14, hal. 461; Fath al-Qadiir,juz 15, pg. 289
5
The Book of al-Jauharah al-Naiyyirah, juz 2, pg. 298
6
The Book of Nihayat al-Muhtaaj ila Syarh al-Minhaaj, juz 11, pg. 309; lihat
juga Asniy al-Mathaalib, juz 7, pg. 471
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M. Rizwan : Economics impact on prohibition of riba
The third verse is also most often used to justify that the
prohibition of Riba only pertains to usury, or the doubling and
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M. Rizwan : Economics impact on prohibition of riba
7
Usury here is Riba nasiah. According to most scholars that Riba nasi'ah the
forever illegal, although no doubled
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M. Rizwan : Economics impact on prohibition of riba
Unequal that bad with that good although many that bad-
pretty your heart. (QS. Al-Maidah, verse 100). Ibnu Jarir
said : Allah commandment that means Allah destroy
usury for example as of what said by Abdullah ibnu
Mas'ud, that usury even a lot gained him but will be ruined
(the blessed). (See at Interpret Ibnu Katsir 1 / 439)
Sell gold with gold, silver with silver, wheat with wheat,
barley with barley, date with date, salt with salt, should
same the measure (weight or measure) and should face to
face. So anyone which exceeded or ask extra, indeed he
make usury, that take or that give, same the law. (HR.
Muslim in book Al-Masaqat, Tirmidzi, Nasa'i, Abu Daud
and Ahmad)
The Hanafi approach was the broadest, stating that any item
sold by weight or volume was subject to the rules of Riba in barter.
The Shafis, only applied this prohibition to metals like gold or
silver, and included all kinds of food to the prohibition. The
Malikis provided the narrowest interpretation by limiting the
scope of metals to gold and silver. With respect to food, they
limited the scope to non-perishable staple food items. The
Hanbalis position is less clear, but it is generally understood that
they follow the same view as the Hanafis.
value during that time and currencies are used in modern financial
transactions for the same reason.
silver were subject to both the rules of Riba in barter and Riba in
delay as they served as pricing instruments. However, with respect
to commodities that were not subject to the rules of Riba in barter
and were not food items, the Malikis permitted deferred trades
unless:
1. The counter values were of the same kind
2. The counter values were not equivalent.
The institutions in question were the World Bank & the IMF
(International Monetary Fund). In the 1944, the IMF & World Bank
were developed. The objective of the World Bank being to provide
developmental assistance for non-commercial projects and the IMF
was to assist nations in short-term balance of payments difficulties
and to ensure stability.
the ban is absolute and covers all possibilities (unless the doctrine
of necessity genuinely applies), and is not contingent upon
mankinds understanding of the wisdom behind it. Naturally then as
Muslims, we unreservedly accept the divine prohibition on interest.
After that though, we can speculate on the reasoning behind this
ban.
others apart from own Jew. In fact strange word-in this text
generally are intended Jewish enemy. Who not Jewish enemy?
Armed with this text Jew use usury as weapon, and make him road
to master enemy. This clear proof what said by Tun Dr. Mahathir
Muhamad that Jewish rule the world through proxy. With other
needs of people can be conjured into their business.
5. Conclusion
Islamic Finance is deeply rooted in religion. The precept
under which it operates is guided by the religious prohibition of
riba and other Islamic teachings. While the prohibition of interest is
not unique to Islam, it has been all but eradicated in other major
religions. Capitalism is currently the dominating economic concept.
References
Vogel, Frank, and Samuel Hayes, III. Islamic Law and Finance:
Religion, Risk, and Return. Hague, 1998, pp. 72-73