Abstract

Sjafrudin Prawiranegara and Syafii Antonio are two influential figures of Islamic economists in Indonesia. Both are considered to represent two different poles of Islamic economics. Sjafrudin represented critical thinking, while Syafii Antonio represented mainstream thinking. This paper was made with a theory approach istinbat} law. Based on an analysis with this approach, it was revealed that Sjafrudin Prawiranegara tended to interpret usury philosophically, while Syafii Antonio tended to emphasize more on the linguistic aspects (bayani) as the views of the main religious scholars. According to Syafrudin Riba is all the profits obtained based on transactions or agreements in which one party is abusing his strong economic position to take advantage that crosses the line from his weak counterpart. While Syafii Antonio equates usury with interest which means more than credit.

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.