Types of Usury in the Presence of Islamic Era (2024)

SULAEMANG, L and ZULKIFLI, M and FATIRA, WAHIDAH and RUSDIN, MUHALLING and ST., HALIMANG(2016)Types of Usury in the Presence of Islamic Era.International Review of Management and Business Research, 5, (3).1115 -1123.

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Abstract

This paper elaborates about usury and its types in the era of Islam presence by applying documentationmethod, which is finding out the data related to the title of the study, that aims to know the definition ofusury, the kinds of usury, how the perpetrators of usury before the arrival of Islam and how well usury lawsin the age of the Islamic presence. Usury means to grow and to thrive. It is an addition to exchange one ofthe two similar goods. Generally, usury is defined as debts or borrowing money or goods are accompaniedby additional interest. Usury consists of two types; they are nasi’ah usury (debt context), and fadhl usury(sale and purchase context). Nasi’ah usury refers to additional requirements from the person who gave thedebt to take additional payment as the postponement from the one who has a debt. Meanwhile, fadhl usury is to sell (or change) money with money or food to food, with additions.The writers use historical and theological approach. The results showed that the things that lead to usury (riba) is about buying andselling goods, borrowing money, the exchanging of goods, as well as to know the law of devour the usuryor the using of usury are so-calledas haraam (forbidden). The implication of this research is Muslims mustbe careful in debts, buying and selling, as well as the exchange of goods accompanied by additionalinterest. In the world, people are perpetrators of usury although they invisibly have wealth;sometimespeople’s heart will not be peaceful. In other words, having a lot of wealth is not a blessing but it makes sogreedy and never satisfied with what they got.

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