Abstract

Deconstruction is intended to serve as critique to the method of determining the prohibition status of bank interest, which is analogous to usury, as well as reconstructing the issue with other methods to produce a more implementable fatwa, especially in a pluralistic society. Normative legal research is carried out using a historical approach and a conceptual approach regarding usury and interest, as well as the methods and the rationale for the prohibition of both. Application of analogy (qiyas) can bring "unsatisfactory" results as a method of granting the legal status of bank interest in the context of a pluralistic society because this reasoning method is heavily focusing on 'illat (ratio legis, legal cause) and does not consider space, time, and circumstances involved. Meanwhile, the application of istihsan (juristic preference) is possible with justification for emergency (necessity), 'urf (custom) and maslahah (benefit), resulting in different legal status of bank interest that not all bank interest is haram. This provides convenience in its implementation within a pluralistic society.

Full Text
Paper version not known

Talk to us

Join us for a 30 min session where you can share your feedback and ask us any queries you have

Schedule a call

Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.