Prohibition Of Usury Research Articles

The Effect of Islamic Financial Socialization and Education on Public Interest in Using Islamic Banking Services

This study aims to analyze the influence of Islamic finance socialization and education on public interest in using Islamic banking services. Involving 66 respondents in two major cities in Indonesia, this study uses a survey method with questionnaires to collect data that measures respondents' perception and understanding of Islamic finance principles, such as profit-sharing and the prohibition of usury. Data analysis using SPSS shows that socialization and education of Islamic finance have a significant positive influence on the increase in public interest in using Islamic banking services, where more than 65% of respondents reported an increase in interest after participating in the socialization and education program. These findings indicate that effective education strategies are very important in communicating Islamic finance concepts in order to build public understanding and trust. The implication of this study is the need for Islamic banks and financial institutions to continue to strengthen Islamic financial socialization and education programs to expand public access to sharia-based financial services. This step not only supports the growth of the Islamic banking sector, but also strengthens sustainable financial inclusion in Indonesia.

Distribution Scheme And Achieve Balance Of Financial Income From A Sharia Perspective

This research identifies distribution schemes and achieving balance in financial income from a sharia perspective. This research uses descriptive qualitative methods with literature study as the main tool in data collection. The data sources used come from books, journals, notes and summaries of previous study findings. The results show that Islam regulates the distribution of assets, social security, and wealth to achieve justice, equality, and social welfare. Sharia principles include justice, equality, and prosperity. The main instruments include zakat, the prohibition of usury, and inheritance rules. The distribution scheme in sharia economics emphasizes justice, blessing and sustainability. Through zakat, infaq, profit-sharing and mudharabah mechanisms, income is redistributed fairly. Achieving balanced financial returns requires cross-sector engagement and a holistic approach. However, challenges such as social inequality, economic uncertainty and infrastructure limitations must be overcome.

Analysis of Monetary policy in Muslim Majority Countries: Tunisia

This research aims to analyze the monetary policy of Tunisia, a country with a Muslim-majority population, from both conventional and Islamic perspectives. Monetary policy, under the responsibility of the Central Bank, seeks to maintain currency stability and ensure overall economic strength. Islamic monetary policy specifically incorporates principles such as the prohibition of usury (riba), currency stability, the avoidance of excessive speculation, promoting productive financing, distributive justice, inflation control, and transparency. Tunisia, with its majority Muslim population, provides an interesting case for examining how Islamic principles are reflected—or not—in its monetary policy. This study employs a descriptive qualitative methodology, utilizing secondary data from library research, including websites and scientific journal articles. The findings show that Tunisia's monetary policy has a significant impact on economic indicators such as price stability, currency value, and overall economic growth, contributing to benefits like increased employment, higher purchasing power, improved investment levels, and sustainable economic prosperity. Key tools include interest rates, open market operations, reserve requirements, foreign currency interventions, selective credit policies, and macroprudential regulations.

ANALISIS PENGARUH TINGKAT DISPOSABLE INCOME, TINGKAT RELIGIUSITAS TERHADAP MINAT MENABUNG DI BANK SYARI’AH BERBASIS DIGITAL

The growth and development of Islamic banking is quite rapid because it adheres to Islamic principles, one of which is the prohibition of usury in all forms of transactions. Factors that can influence consumption are disposable income and the level of religiosity and are supported by developments in the field of banking digitalization. This study aims to determine whether there is a partial and simultaneous influence between Disposable Income and the Level of Religiosity on the Interest in Saving in Digital-Based Islamic Banking. This study uses a quantitative method. The sampling technique in this study is Random Sampling using the Slovin formula. Data collection was carried out by distributing questionnaires with a sample of 44 respondents at Madrasah Ibtidaiyah As-Sidiqiyah Siak. To analyze using an analysis tool, namely SPSS Ver. 29.0. The analysis method uses classical assumption tests, validity and reliability tests, hypothesis tests, multiple linear regression tests, and determinant coefficient tests. The results of the study showed that there was a significant partial influence of disposable income on the savings interest of MI As-Sidiqiyah Siak Teachers in Islamic banking with a calculated t value (7.747) > t table (1.683) with a p-value (0.001). The variable of religiosity level had a significant partial influence on the savings interest of MI As Sidiqiyah Teachers in Islamic banking with a calculated t value (6.515) > t table (1.683) with a p-value (0.001). The simultaneous test showed that there was a significant simultaneous influence of disposable income and religiosity level on the savings interest of MI As-Sidiqiyah Siak Teachers in Islamic banking with a calculated F value (54.664) > F table (3.23) with a p-value (0.000).

Analisis Hubungan Antara Laba dan Tujuan Ekonomi Syariah Kontemporer

This research discusses profits in Islamic economics by considering not only material aspects, but also spiritual aspects. In a sharia economic perspective, profits must take into account compliance with sharia principles such as the prohibition of usury, gharar and maysir. This study refers to the Al-Qur'an and Hadith to analyze the relationship between profit and economic goals in contemporary sharia business. The method used is qualitative research with a library research approach, which produces subjective conclusions. The aim of the research is to provide understanding to the public about the importance of following sharia economic principles in doing business. The formulation of the problem in this article is that many businesses in the 21st century still violate sharia principles, such as riba, gharar, and maysir. In this case thrifting contains elements that are not in accordance with sharia economic principles.

Pengendalian Inflasi Dalam Penilaian Ekonomi Makro Islam Di Indonesia

Inflation control is a very important aspect in macroeconomic assessments, including from an Islamic economic perspective. The main focus of this research examines the mechanisms and principles of controlling inflation within an Islamic macroeconomic framework, with a focus on monetary and fiscal policies that are in accordance with sharia. This approach emphasizes economic justice, fair distribution of wealth, and balance between supply and demand in the market. Instruments such as the prohibition of usury and the use of commodity-based currencies are discussed as potential tools to maintain price stability. Apart from that, this research also evaluates the role of Islamic financial institutions in promoting economic stability and reducing the rate of inflation. The research results show that the application of Islamic economic principles can provide an effective alternative solution to control inflation, while maintaining justice and the welfare of society as a whole. Through this analysis, it is hoped that it can contribute to the development of better and more sustainable economic policies in an Islamic context.

A Comparative and Applied Study of Qur'anic and Biblical Teachings on the Principles of Commerce and Business

This study examines the ethical principles of commerce and business as outlined in the Qur'an and the Bible, providing a comparative analysis of their teachings and their application in modern business practices. The research explores key themes including honesty in trade, ethical treatment of workers, prohibition of usury, promotion of charity and social responsibility, and their implications for contemporary economic systems. Through detailed case studies of businesses implementing Qur'anic and Biblical principles, the study evaluates the outcomes and challenges of integrating religious values into corporate governance. It synthesizes findings from primary sources—Qur'anic verses and Biblical passages—as well as secondary sources such as scholarly articles and commentaries. The significance of this study lies in its contribution to understanding how religious teachings can inform and guide ethical business conduct, fostering trust, sustainability, and social responsibility. Recommendations for future research and practice highlight opportunities for further exploration and implementation of these principles in diverse cultural and regulatory contexts.

FINANCIAL MANAGEMENT IN THE FRAMEWORK OF SHARIA: EXPLORING THE BASICS OF FINANCIAL MANAGEMENT BASED ON ISLAMIC TEACHINGS

Islamic financial management is a discipline that studies financial management according to Islamic sharia principles. This research is entitled Financial Management in the Framework of Sharia: Exploring the Basics of Financial Management Based on Islamic Teachings. This research aims to find out the Basics of Financial Management Based on Islamic Teachings within the framework of Sharia. This research uses a systematic literature review method to explore and analyze financial management in the framework of sharia by exploring the basics of financial management based on Islamic teachings. The results show that Islamic financial management focuses on the principles of justice, honesty, togetherness and compliance with Islamic law. The main principles include sharia compliance, maqashid sharia, prohibition of usury, justice, taawun, benefit, and balance. Its scope includes Islamic financial institutions such as banks, capital markets, insurance, and other financing institutions. Its functions include sharia-compliant funding, investment, and profit sharing/dividend decisions. Challenges include capitalization, product development, human resources, infrastructure, instrument variability, and the application of sharia principles. And Islamic financial management offers a more stable and sustainable approach by taking into account the spiritual and ethical aspects of financial management. However, with continuous innovation and consistent application of sharia principles, sharia financial management can contribute to creating a financial system that is more stable, sustainable and beneficial to the wider community

Dampak Bunga (Riba) Terhadap Perkembangan Perbankan Syari’ah di Indonesia

This article tries to raise the theme of the impact of interest (usury) on the development of sharia banking in Indonesia. In the Islamic view, interest paid by conventional banks is included in usury. The practice of usury isu haram because usury is an act that exceeds the nominal amount of the loan. This action is contrary to the teachings of the Islamic religion, Islamic teachings do not allow making additions in the wrong way which can cause injustice. The research method used is a qualitative method by collecting several materials, legal sources and other comparative research materials. This qualitative method uses a secondary approach. A secondary approach can make it easier to obtain discussions from various references and information from various literature studies. The materials and objects used are journals and books. To strengthen understanding, the author emphasizes looking for various relevant journals and various opinions of figures. The research results show that the practice of bank interest (usury) cannot be avoided in the banking industry as a financial institution and an intermediation medium between surplus units (lenders) and deficit units (borrowers). Riba is additional (ziyadah) without compensation that occurs due to delays in previously agreed payments. There are 2 types of usury which can be grouped into 2, namely debt usury and buying and selling usury. The prohibition of usury has also been regulated in several verses and authentic hadiths where a person is commanded to avoid usury because it will harm oneself and others. Overcoming this requires efforts to avoid losses due to the negative impacts it causes. As a result, it creates various economic impacts felt by society, such as gaps in economic growth.

Analisis Mekanisme Pasar Dalam Islam, Sistem Ekonomi, dan Etika Pengawasan Pasar Serta Pasar Dalam Perspektif Sejarah Islam

This abstract discusses the role of market mechanisms in an Islamic perspective, as well as the implications and application of Islamic economic principles in the market system. Using the literature review method, this research collects, evaluates, and synthesizes relevant literature to gain an in-depth understanding of the topic. The results of the analysis show that markets in Islam are seen as a natural mechanism for exchanging goods and services, with prices determined by the forces of demand and supply. Islamic economic principles, such as justice, expediency, and the prohibition of usury, are the foundation for a fair and sustainable market system. Apart from that, the importance of market supervision and compliance with market ethics is also emphasized to maintain balance and fairness in economic activities. The analysis also highlights prohibitions in Islamic transactions that can cause market distortions. In addition, this abstract presents a comparison between conventional economic systems (capitalist, socialist, and mixed) with Islamic economic systems, which are based on sharia principles. Thus, this research contributes to understanding the concept of market mechanisms in Islam and formulating economic policy recommendations that are in accordance with Islamic values.

Sharia Economics Students' Understanding Of The Prohibition Of Riba In Conventional Bank Institutions

The aim of this research is to determine the understanding of sharia economics students regarding the prohibition of usury in conventional banking institutions. Where in Islamic teachings, usury is strictly prohibited according to the guidelines of the Al-Qurana and Al-Hadith. This research uses qualitative research with in-depth interview methods. Data taken from respondents from sharia economics students in the first semester of STAI Kuningan. The results of the research show that sharia economics students really understand about usury because they have often heard what usury is before. Students also understand the practice of usury which is the same as the interest system used by conventional banking institutions. Usury is very detrimental to one of the parties to the transaction. It is not mutually beneficial for the parties carrying out the transaction.

BUNGA BANK PERSPEKTIF AHLI TAFSIR (TELAAH KRITIS TERHADAP BUNGA SIMPANAN DAN BUNGA PINJAMAN PADA BANK KONVENSIONAL)

Today many people question the status of conventional bank interest (interest) in Islam, especially on conventional banks. Some scholars consider bank interest like usury, others do not. The word rib?, is mentioned about nine times in the Qur’an in several places, namely al-Rum (30): 39, al-Nis?’ (4): 160-161, li Imr?n (3): 130, and al- Baqarah (2): 275-280. All these verses show the prohibition of usury in all economic activities for sure (muhkam). However, when usury is connected with one part of the transaction in banking activities, such as bank interest, the commentators have different opinions, some prohibit it because there is an al-ziy?dah element, and some allow it because they consider bank interest not to be doubled (adl’?fan mudh?’afatan) and do not persecute. Through a thematic interpretation approach, this research will be carried out in depth to find the views of the al-Qur’an regarding bank interest, namely deposit bank interest and loan bank interest. This paper is carried out by dissecting the verses related to bank interest, interpreting them in tahlili, ijmali and comparing them with various related interpretations.

Konsep Riba Dalam Perekonomian Islam

: This article describes the problem of usury from a legal perspective and its interpretation as well as bank interest from a review of Islamic law and analyzes its impact on the economy, both those raised by Islamic law experts, mufassirin and Muslim economists. The prohibition of usury in Islam is expressly stated in both the Qur'an and the Hadith which were revealed gradually. The prohibition of riba (usurios) in Islam is based on moral and humanitarian considerations because the essence of the prohibition of usury is the elimination of all forms of economic practices that give rise to tyranny and injustice. And the impact of interest on the economy will hamper economic growth. The method of writing this article is based on literature review by conducting an in-depth review of books, commentaries and writings on bank interest, usury and related matters. The purpose of this paper is to find out the interpretation of usury and the opinions of scholars regarding bank interest law and to analyze the negative impact that the interest system has on the economy.

Tahapan Pelarangan Riba Serta Pengaruhnya Pada Aspek Sosial, Politik dan Ekonomi

The interpretation of the prohibition of usury in the Qur'an is not directly prohibited, but rather goes through stages according to the conditions of Arab society during the Jahiliyyah period, as is known, usury is a tradition of the Jahiliyyah Arabs which became their economy and is deeply rooted in the life of the Arab people and cannot be easily changed. So the prohibition of usury has an influence on life, such as social, political and economic aspects.Keywords: Tafsir, Usury, Economy, Social Politics

THE URGENCY OF SHARIA CROWDFUNDING AS AN ALTERNATIVE FUNDING IN THE DEVELOPMENT OF THE NUSANTARA'S CAPITAL CITY

The relocation of Indonesia’s National Capital from Jakarta to Nusantara, East Kalimantan requires a significant investment in the development process, which will be carried out in stages from 2022 to 2045. Sharia crowdfunding is an alternative financing that can be used as a source of funds in the development of the Capital City A new country, so the formulation of the problem in this study examines whether the urgency of Islamic crowdfunding as an alternative to financing the new National Capital. The research method used is normative juridical with two approaches, namely the statutory approach and the conceptual approach. The results of this study indicate that the urgency of sharia crowdfunding as an alternative to financing the National Capital can be seen from two things, namely: first, based on the theory of utilitarianism that sharia crowdfunding can provide good benefits for every individual who invests in this project through a sharia contract with a sharing system results, as well as benefits for common welfare in the context of supporting the development of the new National Capital. Second, in order to maintain assets (hifz al-mal) where through sharia crowdfunding the public can invest to help finance the new State Capital by accessing financing that is in accordance with sharia principles, such as the prohibition of usury (interest), speculation, and illicit activities other.

The Implementation of Investment Risk Management in Sharia Capital Market

The Sharia Capital Market has recently increased as an investment vehicle that complies with Islamic sharia principles. However, as with all investment forms, some risks must be managed carefully. This paper describes the context, urgency and process of investment risk management in the Sharia Capital Market. The Sharia Capital Market complies with sharia principles, including the prohibition of usury and haram business. The risks investors face include business, market, sharia, and liquidity risks. Risk management supports sharia compliance, protects investments and maintains portfolio sustainability. The risk management involves identifying, assessing, developing strategies, implementing, and monitoring risks. By understanding and implementing risk management well, investors can achieve their investment goals more successfully in the Sharia Capital Market. In the financial world, investors must pay attention to investment risks before deciding to avoid losses. The meaning of investment risk also needs to be studied and understood by investors so that investors do not feel cheated and believe in 'profits and losses' when choosing the type of business to invest in and then be able to learn from the business they are running. We will discuss the technical aspects of investment risk management below later. Apart from understanding investment risks, investment stages can also be known from the financial institution investors choose. For this reason, ask about the stages of investing before you disburse funds. One type of investment that is interesting for investors is peer-to-peer. Unlike traditional financing methods, Peer-to-peer (P2P) lending uses lending marketplace and scoring technology. This means that investment risk becomes measurable and suitable for investors. The funds that have been collected will be distributed to micro entrepreneurs and SMEs who need financing with investors who want to fund these businesses. Investors who have invested their funds using a peer-to-peer lending system will not need to worry about investment risks because later investors will get appropriate returns based on consideration of the investment risk profile.

Economic Philosophy as the Existence of the 5.0 Era Development in Sharia and Conventional Banking

With digital transformation and progress in technology, the 5.0 era has a huge impact on the industry of Islamic and conventional banking. Understanding the existence of Islamic and conventional banking in the 5.0 era relies heavily on economic philosophy. This study aims to understand the role of economic philosophy in maintaining and developing Islamic and conventional banking in the 5.0 era. This study used a descriptive analysis approach, and the data were collected from literature and other relevant sources. Conventional banking, on the other hand, relies on the philosophy of economy neoclassical, which focuses on the development products and services. Islamic and conventional banking are influenced by progress technology and digital transformation in the 5.0 era. Application mobile banking, digital payments, data analytics, artificial intelligence, and blockchain technology are several examples of very important technology or facing challenges and exploiting opportunities in this era. However, in the era of 5.0, economic philosophy is also challenging to apply in Islamic and conventional banking. Conventional banking can notice the difference between the social and financial aspects, but Sharia banking must consider current principles to integrate technology. Sharia and conventional banking need to keep going and develop relevant digital products and services, strengthen regulation and supervision, and guarantee security and privacy of customer’s information. Research results show that good Sharia banking as well conventional are based on economic philosophy. Islamic banking relies on philosophy of Islamic economics, which focuses on principles like prohibition of usury, justice, and sustainable environment.
 Keywords: philosophy, economics, Sharia, conventional

Islamic Economic Practices in Indonesia

As the country with the largest Muslim population in the world, Indonesia has great potential in the halal industry. However, research on symbols in Indonesia’s Islamic philosophy and economic history is still far behind that of other countries. Therefore, efforts are needed to improve its study. This research aims to describe and understand the importance of the symbol in the philosophy and history of Islamic economic practices in Indonesia. The findings of this qualitative research, conducted in Indonesia, have practical implications for the halal industry and Islamic economic practices. Data was collected by conducting observations, in-depth interviews, and documentation. Data analysis is carried out by reducing data, presenting data, and giving meaning to the data that has been collected, and from that meaning, conclusions are drawn. This research has concluded that the essence of the Islamic economic process in Indonesia is an effort to fulfill the needs of the Indonesian people based on Islamic values to achieve happiness in the world and the hereafter. The Islamic economic system has become a phenomenon that is the object of the study of Islamic economic philosophy in Indonesia today. The urgency of Islamic economic philosophy in the context of Indonesian Muslim society can be found at the level of implementation. Islamic economic practices have become a way of life for the people of Indonesia. The main principle of Islamic economics holds fast to the concept of tawhid. Many things can be learned from the Islamic economy in Indonesia, ranging from the rules of legal buying and selling, lending and borrowing with legal contracts, and investment in Islam to the prohibition of usury, avoiding things that are haram, injustice, and usury. The Islamic economic system has proven to be beneficial for all people, both Muslims and non-Muslims.

Perspektif Maslahah Mursalah Penggunaan Fintech Syariah Dalam Investasi

This study aims to analyze the use of Sharia Fintech in investment from the perspective of Maslahah Mursalah on the Shafiq Website and Application. The research method used is a literature study, where data is collected through understanding and reading the literature related to the problem that is the focus of the research. This research is a review conducted to solve a problem, with a focus on critical and in-depth analysis of relevant and analytical library materials. The analysis method involves descriptive analysis and content analysis to draw conclusions. The results show that Shafiq's use of sharia fintech, particularly the crowdfunding system, has been formalized and is under the supervision of the National Supervisory Board, and is in accordance with regulations from OJK and DSN MUI. Shafiq has implemented sharia principles, including the prohibition of usury, gharar, and dzalim, with the aim of providing security and convenience in investing in accordance with sharia principles, as well as avoiding harm in accordance with the concept of Maslahah Mursalah.

Interest in History and its Implications on the Economy

Three conventional economic thinkers, namely Plato, Aristotle and Thomas Aquinas, criticized the interest system, which was in line with the Islamic economic system. This research aims to explain the views of these three figures regarding interest and prove that the prohibition of usury is not just a sharia rule but has great harm. This research includes mix-method research, qualitative with a field research approach, quantitative with linear regression tests. The research results show that Plato, Aristotle and Thomas Aquinas viewed usury as injustice and had an impact on disputes and the accumulation of wealth. Usury creates individuals who love wealth, are consumptive, find it difficult to forgive, have an unstable soul, deify money, loss of wealth and economic shocks, while for the State it has an impact on inflation, economic crisis, decoupling, hostility and inequality. The effect of interest rates and GDP is negative, meaning that the higher the interest rate, the lower the added value of business units in Indonesia. It is hoped that this article can support the development of sharia economics and avoid all forms of interest in the economy.