Usury (riba) in the financial system in Malaysia / Mohammad Syirazi Abu Sin … [et al.]

Abu Sin, Mohammad Syirazi and Mohd Nor, Syed Aiman Firdaus Syed and Azahar, Muhamad Daniel Hakimi and Mat, Muhammad and Razali, Muhammad Hushairie Fiqri (2023) Usury (riba) in the financial system in Malaysia / Mohammad Syirazi Abu Sin … [et al.]. [Student Project] (Unpublished)

Abstract

This paper examines the concept of usury in Islamic finance and its ethical implications. The purpose of this study is to explore various interpretations of riba (usury). Using literature review and case studies, this study analyzes various types of riba (usury) and their historical and cultural context. The study also examines the debate on usury including whether it refers to all forms of usury or just the interest charged on loans. This study also discusses the hot issue regarding usury. This study concludes with a proposal to eliminate usury in Islam and prevent usury from happening in life.

Item Details

Item Type:	Student Project
Creators:	Creators Email / ID Num. Abu Sin, Mohammad Syirazi 2022477958 Mohd Nor, Syed Aiman Firdaus Syed 2022663578 Azahar, Muhamad Daniel Hakimi 2022664504 Mat, Muhammad 2022663682 Razali, Muhammad Hushairie Fiqri 2022498828
Contributors:	Contribution Name Email / ID Num. Advisor Mustapha, Ahmad Murshidi UNSPECIFIED
Subjects:	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 H Social Sciences > HG Finance > Interest rates H Social Sciences > HG Finance > Financial management. Business finance. Corporation finance
Divisions:	Universiti Teknologi MARA, Kelantan > Machang Campus > Academy of Contemporary Islamic Studies (ACIS)
Programme:	IMU 451: Fiqh Muamalat
Keywords:	Finance management, loans, Islamic finance, usury, interest,
Date:	2023
URI:	https://ir.uitm.edu.my/id/eprint/115943