BANK INTEREST HALAL: DISTINCTION INTERPRETATION OF CONTEMPORARY ULAMA THOUGHT UMER CAPHRA AND MUHAMMAD SAYYID THANTHAWI

Authors

  • Miftahul Huda Darussalam Gontor University, Indonesia ,
  • Fikriyyatun Nabila Darussalam Gontor University, Indonesia ,
  • Isma Fathya Fajriati Darussalam Gontor University, Indonesia ,
  • Listya Rahmah Darussalam Gontor University, Indonesia ,
  • Zaimudin Al-Mahdi Mokan Zaim Istanbul Shabattin University, Turkey ,

DOI:

https://doi.org/10.32332/finansia.v5i02.5393

Keywords:

Bank Interest, Islamic Economics, Banking

Abstract

Life is controlled by two great forces, namely economy, and religion.  All things based on Sharia law are clearly about halal and haram. Bank interest is something that is no longer common among the public, with the law and practice still being debated by some scholars. Therefore, this study aims to answer public confusion about the law of halal interest according to Umer Caphra and Muhammad Sayyid Thanthawi and the reasons for making legal decisions regarding bank interest. The research is in the form of a qualitative method with a literature study using several references from books and journals in concluding the views of the two figures. The primary data used is from the book Prohibition of Interest: Does it make sense? The work of Umer Chapra. While secondary data comes from various books and journals related to bank interest. The results of this study indicate that the two scholars have different opinions regarding bank interest. Umer Chapra argues that the practice of bank interest is prohibited in Islam because usury interest can harm the poor. Meanwhile, Muhammad Sayyid Thanthawi argues that bank interest is not part of usury because bank interest is not part of faith and worship.

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Published

2022-09-20

Issue

Vol. 5 No. 2 (2022): FINANSIA : Jurnal Akuntansi dan Perbankan Syariah

Section

Articles

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How to Cite

BANK INTEREST HALAL: DISTINCTION INTERPRETATION OF CONTEMPORARY ULAMA THOUGHT UMER CAPHRA AND MUHAMMAD SAYYID THANTHAWI. (2022). FINANSIA : Jurnal Akuntansi Dan Perbankan Syariah, 5(2), 105-118. https://doi.org/10.32332/finansia.v5i02.5393