The role of interest in Islamic financial transactions

Samsuri, Nur Bahiyah Adibah and Yaakob, Fathiah and Mat, Nur Insyira and Wan Abdul Rahim, Wan Norsyazwanie and Mohd Rizal, Maisarah Izzah Hazwani and Zabidi, Nur Ain Amalin (2025) The role of interest in Islamic financial transactions. [Student Project] (Unpublished)

Abstract

In general terms, interest is the attainment of all benefits or the rejection of all potential harm. More specifically, benefit is the expression of pleasure or anything related to it, while harm is painful things or anything related to them. Interest is also a quality or condition suitable for establishing a law that brings good and prevents harm. The main objective of Sharia is to reject self-interest and accept self-interest. Introduction to self-interest. In the context of Islam, self-interest refers to the importance or benefit that takes priority in human life, in line with the main objective of Islamic Sharia, which is to achieve well-being in this world and the hereafter. It is an important principle in establishing laws that aim to protect five basic human needs: religion, life, reason, lineage, and wealth.

Metadata

Item Type: Student Project
Creators:
Creators
Email / ID Num.
Samsuri, Nur Bahiyah Adibah
2023698648
Yaakob, Fathiah
2023813898
Mat, Nur Insyira
2023698686
Wan Abdul Rahim, Wan Norsyazwanie
2023443898
Mohd Rizal, Maisarah Izzah Hazwani
2023261478
Zabidi, Nur Ain Amalin
2023226356
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
H Social Sciences > HG Finance > Banking > Interest rates. Interest tables
Divisions: Universiti Teknologi MARA, Kelantan > Machang Campus > Academy of Contemporary Islamic Studies (ACIS)
Programme: Bachelor of Muamalat (Hons)
Keywords: Interest (Islamic law), Financial literacy, Knowledge
Date: 2025
URI: https://ir.uitm.edu.my/id/eprint/119738
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