RIBA DAN PANDANGAN EKONOMI ISLAM TERHADAP BUNGA BANK KONVENSIONAL

Abstract

Riba from the Perspective of Islamic Law: A Critical Study of the Phenomenon of Bank Interest. Riba is a type of muamalah that has been explicitly prohibited in Islam. This is because riba involves elements of injustice and exploitation that are inconsistent with the principles of Islamic justice. In modern times, discussions and debates have arisen regarding whether bank interest constitutes haram riba or whether it is a permissible financial service fee.

This study aims to examine the concept of riba in Islam and to explore Islamic legal perspectives on bank interest based on evidence from the Qur’an, Hadith, and the opinions of Islamic scholars.

The discussion reveals that the majority of contemporary scholars and Islamic fatwa institutions agree that bank interest constitutes prohibited riba because it involves a required addition to the principal amount of a loan a transaction within Islamic economic practices though some scholars offer alternative perspectives in the context of the modern economy. To address this issue, a Sharia banking system was developed based on the principle of profit-sharing without riba.