Usury from an Islamic and historical perspective / Balqis Mohd Ramli … [et al.]

Mohd Ramli, Balqis and Mohd Yusoff, Nur Aisyah Atiqah and Mohd Rosly, Nuurul Farihah and Wan Ramli, Wan Nurain Afiqah (2023) Usury from an Islamic and historical perspective / Balqis Mohd Ramli … [et al.]. [Student Project] (Unpublished)

Abstract

Title: "Usury from an Islamic and Historical Perspective"

This section discusses economic activities within the framework of Islamic teachings, with a particular focus on rules and ethics. Surrounding usury (riba’) in Islamic terminology. The main topic revolves around the prohibition of usury in Islam, and the emphasis on its harmful effects on society and economic exploitation. Usury is viewed as exploitative, making the rich richer while the poor are oppressed. Usury is proven by the Qur’an, the Sunnah of the Prophet, and the consensus of scholars. Man’s greed and insatiable desire make it difficult to enter into halal transactions, some Muslims, despite their knowledge of the rulings of Islam, practice transactions such as usury, which it contributes to a ridiculous situation (Rashid, 2023). I agree with the author's opinion by stating the prohibition of usury in Islamic economic activities, and showing its nature, exploitation and its harmful effects on society. It requires a perspective that views the global economy through the lens of Islam and distinguishes. Between what is permissible and what is prohibited. It is hoped that future reviews of the paper will delve deeper into different aspects of usury, providing a better understanding, comprehensive on the subject.

Metadata

Item Type: Student Project
Creators:
Creators
Email / ID Num.
Mohd Ramli, Balqis
2023387997
Mohd Yusoff, Nur Aisyah Atiqah
2022741237
Mohd Rosly, Nuurul Farihah
2023115851
Wan Ramli, Wan Nurain Afiqah
2023399469
Contributors:
Contribution
Name
Email / ID Num.
Advisor
Mat Zain, Muhammad Nazri
UNSPECIFIED
Subjects: B Philosophy. Psychology. Religion > BP Islam. Bahaism. Theosophy, etc > Islam > Islamic ethics
B Philosophy. Psychology. Religion > BP Islam. Bahaism. Theosophy, etc > Islam > Islam and economics
B Philosophy. Psychology. Religion > BP Islam. Bahaism. Theosophy, etc > Islam > Study and teaching. Research
Divisions: Universiti Teknologi MARA, Kelantan > Machang Campus > Academy of Contemporary Islamic Studies (ACIS)
Programme: IMU 554: Dirasah Nassiyah
Keywords: Case study, article summary, economy, ethics, Usury (riba) in Islamic terminology, exploitation
Date: 2023
URI: https://ir.uitm.edu.my/id/eprint/114209
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