Academic literature on the topic 'Interest and usury (Islamic law)'

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Journal articles on the topic "Interest and usury (Islamic law)"

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Wahyuni, Sri. "ZAKAT HASIL BUNGA BANK DALAM PERSPEKTIF HUKUM ISLAM." Shar-E : Jurnal Kajian Ekonomi Hukum Syariah 7, no. 2 (2021): 113–25. http://dx.doi.org/10.37567/shar-e.v7i2.861.

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This study aims to: (1) find out the views of Islamic law on bank interest and usury (2). Analyzing the perspective of Islamic law on zakat from bank interest results. This study uses a qualitative approach with the type of library research. Then the analysis uses descriptive analysis and content analysis. With this research, it was found that there were many differences of opinion between the scholars and the thoughts of the figures regarding usury and bank interest. Therefore, zakat from interest results depends on the understanding and stability of the person concerned with the law of bank
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Supaino, Supaino. "Bunga Bank Konvensional Dan Pasar Modal Syariah Dalam Perspektif Hukum Islam." Jurnal Hukum Kaidah: Media Komunikasi dan Informasi Hukum dan Masyarakat 20, no. 2 (2021): 179–92. http://dx.doi.org/10.30743/jhk.v20i2.3616.

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This paper aims to examine the problems of conventional bank interest and the Islamic capital market in the perspective of Islamic law. The debate regarding the concept of interest and usury against additional rewards (benefits) from conventional banking products and the Islamic capital market has become a polemic in the life of Indonesian Muslim communities. The opinion of the scholars in addressing interest in the context of conventional banking and usury has generated its own debate, as well as the capital market in the perspective of sharia. This research is a literature research using bot
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Suradi, Suradi, Rani Mariana, and Mohamad Anton Athoillah. "Pandangan Hukum Islam Tentang Status Hukum Bunga Bank (RIBA)." Al-Kharaj : Jurnal Ekonomi, Keuangan & Bisnis Syariah 6, no. 3 (2023): 1498–513. http://dx.doi.org/10.47467/alkharaj.v6i3.3665.

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This study aims to analyze how Islamic law views the legal status of bank interest and problem solving provided by the Islamic economic legal system. In Islamic law, interest (riba) is a system and mechanism that is prohibited because it is contrary to the Qur'an and hadith. However, the system run by modern banking has not been recognized in Islam, so there are differences of opinion among Muslims. Using a normative approach, this article analyzes the sources of Islamic law on usury and looks for solutions offered in the Islamic economic system. The results of the study show that the rise of
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Komala Dewi. "Konsep Riba Dalam Perekonomian Islam." Journal of Islamic Economics and Finance 2, no. 1 (2024): 221–36. http://dx.doi.org/10.59841/jureksi.v2i1.952.

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: This article describes the problem of usury from a legal perspective and its interpretation as well as bank interest from a review of Islamic law and analyzes its impact on the economy, both those raised by Islamic law experts, mufassirin and Muslim economists. The prohibition of usury in Islam is expressly stated in both the Qur'an and the Hadith which were revealed gradually. The prohibition of riba (usurios) in Islam is based on moral and humanitarian considerations because the essence of the prohibition of usury is the elimination of all forms of economic practices that give rise to tyra
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Karimuddin, Karimuddin, Muhammad Haeqal, Rahmad Efendi, Marhadi Marhadi, and Ahmad Rezy Meidina. "Bank Interest in the Contemporary Era: Problem of Ad'afan Muda'afah Interpretation in Determining Law of Usury." MILRev : Metro Islamic Law Review 3, no. 1 (2024): 43. http://dx.doi.org/10.32332/milrev.v3i1.8948.

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Usury in Islam is a prohibited system in the Qur'an and hadith. The system is not recognized in the modern banking system, leading to different opinions among Muslims in determining the legality of bank interest. Therefore, this research aimed to explore the contemporary law of bank interest, focusing on the different opinions among the mufasir on the definition of Ad'afan Muda'afah as a basis for determining the legality of usury. A normative method was adopted, and a literature review of several scholars was conducted on usury law and the interpretation of Ad'afan Muda'afah. The data was ana
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Harahap, Haddad" Ulum, and Rijal Allamah Harahap. "Literature Study of Riba In Banking." International Journal of Economics and Management 1, no. 01 (2023): 30–36. http://dx.doi.org/10.54209/iem.v1i01.6.

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The purpose of this article is to understand the history of banks usury and banks usury. From the results of the literature conducted, it seems that there are three opinions on the question of whether a bank's interest is usury. Second, it accepts interest because it is not equivalent to the usury prohibited by Islamic law. Third, bank interest is haram, but it is acceptable because there is no way around it. Muslim scholars and scholars still disagree on the following bank interest laws: Abu Zafra, Abu Ala Al Maudi Abdullah Al Arabi, and Yusuf Kardawa said that interest on traditional banks i
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Buhari, A. Taufiq. "Penafsiran Riba Studi Komparatif Antara Kaum Modernis dan Neo-Revivalis." Syaikhuna: Jurnal Pendidikan dan Pranata Islam 9, no. 2 (2018): 231–48. http://dx.doi.org/10.36835/syaikhuna.v9i2.3261.

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Interpretation of interest as applied to modern banking today, there are still differing views. Modernists view the prohibition of usury as being understood by emphasizing the rational aspect. Through this understanding, the element of injustice becomes a central issue for its prohibition. They seem to tolerate if their savings are based on the mudharabah system, because they can be found on the basis of their legitimacy. In addition, it is permissible if really forced (dharuri) or really needs (hajat). Also allows productive loan interest while consumptive loan interest is not allowed. While
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Amin Azis, Muhammad, and Muhsin Hariyanto. "Comparative Study of Banks in The Perspective of Syafruddin Prawiranegara and M. Syafii Antonio." Journal of Islamic Economic and Business Research 1, no. 2 (2021): 155–68. http://dx.doi.org/10.18196/jiebr.v1i2.24.

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The Law of Bank Interest is a complicated issue in Islamic economics because there are differences of opinion among Muslim scholars and intellectuals. This can not be separated from the observations of Indonesian Muslim economists such as Syafruddin Prawiranegara, who thinks bank interest is permissible, while M. Syafii Antonio believes bank interest is haram (forbidden in Islam). This research is entitled "Comparative Study of Banks in the Perspective of Syafruddin Prawiranegara and M. Syafii Antonio". This study aims to determine the views of Syafruddin Prawiranegara and M. Syafii Antonio re
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Akhfah, Akfah Zakiah Jamilah, Ajeung Syilva Syara Noor Silmi Sudrajat Ajeung, and Agung Wildan Azizi Agung. "BUNGA BANK DAN RIBA: TINJAUAN FIQIH MUAMALAH." IQTISHOD: Jurnal Pemikiran dan Hukum Ekonomi Syariah 2, no. 2 (2023): 136–45. http://dx.doi.org/10.69768/ji.v2i2.37.

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Abstract: This research discusses usury and bank interest from an Islamic perspective. This research found that the issue of usury and bank interest is still something that is still being debated, some say that bank interest and usury are the same and some say that bank interest is not usury from a legal perspective. This research is research that uses descriptive literature analysis methods. This method provides an overview or explanation of an object that is the focus of research, namely by collecting data, compiling or clarifying it, compiling and interpreting it as well as collecting sever
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Lutfiyah, Lutfiyah, Nazih Sadatul Kahfi Nazih, Nilal Muna Fatmawati, Muhammad Abdul Rahman Hakim, and Muhyar Fanani. "Analysis of Comparative Fiqh: Conventional Bank Versus Islamic Bank." Ulumuddin: Jurnal Ilmu-ilmu Keislaman 14, no. 2 (2024): 195–214. https://doi.org/10.47200/ulumuddin.v14i2.2600.

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What happens in the community about the concept of bank interest and profit sharing there are different perspectives. Bank interest is often regarded as usury in Islam, as it is contrary to Sharia principles. In contrast, the profit-sharing system in Islamic banks is seen as fairer because it is in accordance with Islamic teachings. Understanding the difference between conventional bank interest and the mudharabah system in fiqh law is very important in the context of justice in Islam. So, the focus of this research is the analysis of the interest system in conventional banks and profit sharin
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Dissertations / Theses on the topic "Interest and usury (Islamic law)"

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Althabity, Mohammad M. "Enforceability of arbitral awards containing interest : a comparative study between Sharia law and positive laws." Thesis, University of Stirling, 2016. http://hdl.handle.net/1893/23090.

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The dynamics of our globalised world open the way for international trade and transactions between different countries; this may lead to conflicts in laws where transactions and trade may be subject to different legal systems. One of the biggest issues in international commercial law is disputes over the charging of interest, for example with regard to late payment, interest-based loans, or compensation for damages. Interest disputes are considered to be a complex area of law and even more complex in the international field. At the international level, interest claims may be connected to many
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Ismail, Muhammed Imran. "Legal stratagems (hiyal) and usury in Islamic commercial law." Thesis, University of Birmingham, 2010. http://etheses.bham.ac.uk//id/eprint/1325/.

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This thesis investigates the subject of legal stratagems \((hiyal)\) in Islamic jurisprudence, in general and more particularly the \(hiyal\) used to evade the usury \((ribā) \)prohibition. The context of this thesis is the nascent Islamic finance industry in which these \(hiyal\) play a leading role. The \(hiyal\) have been appropriated from the classical Islamic legal corpus without appreciating their historical contextual framework. This thesis seeks to explicate that framework and clarify the purpose and role of those \(hiyal\) as envisaged in the discourse of the classical Islamic jurists
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Subhani, Azeemuddin. "Divine law of ribā and bay' : new critical theory." Thesis, McGill University, 2006. http://digitool.Library.McGill.CA:80/R/?func=dbin-jump-full&object_id=102847.

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The notion of usury/interest, subsumed under the Arabic term riba and Hebraic neshekh/marbit, has been the center of human attention throughout recorded history, but only as an exclusive economic paradigm subject to toleration, limitation or prohibition. Yet, in a clearly disproportionate treatment, all pristine major world religions consider this "economic act" as the greatest of sins, which, in Islam, additionally attracts the most graphic other-worldly punishments at the extremes of the spectrum. Economic usurpation of greater severity, e.g., theft by stealth and robbery by force do not att
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Subhani, Azeemuddin. "The Islamic doctrine of ribā prohibition : a modular hermeneutical examination." Thesis, McGill University, 2001. http://digitool.Library.McGill.CA:80/R/?func=dbin-jump-full&object_id=33932.

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The Islamic prohibition of riba is unequivocal but textually not explicit. The traditional and liberal theological, juridical and philosophical hermeneutical effort has addressed it comprehensively but not conclusively. This inconclusiveness is due to the absence of the identification of the distinctive characteristic of riba, resulting from the use of limited scope pre-defined juridical and economic paradigms employing a contextual exoteric approach, excluding the broader esoteric content. This promotes an internal hermeneutical imbalance between the variables of meaning, application, rationa
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Baamir, Abdulrahman. "Saudi law and judicial practice in commercial and banking arbitration." Thesis, Brunel University, 2009. http://bura.brunel.ac.uk/handle/2438/6599.

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This thesis examines various issues of arbitration law and practice in relation to the Islamic Shari’a law and the law of Saudi Arabia in general, and for arbitration in conventional banking disputes in particular. The thesis found that the Shari’a regulates arbitration tightly compared to other contemporary developments as no fundamental differences were found to exist between the classical Shari’a arbitration rules and the Saudi arbitration regulations, which represent the codification of the Hanbali law of arbitration. Unlike other arbitration laws, almost all kinds of disputes can be settl
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Legnani, Nicole Delia. "Love Interest: Figures and Fictions of Venture Capital and the Law in Conquista." Thesis, Harvard University, 2014. http://dissertations.umi.com/gsas.harvard:11471.

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Inspired by the visual allegory ("Conquista, embarcáronse a las Indias" fol. 73 of the Nueva corónica), Legnani contends that the development of the laws of peoples (jus gentium) by 16th century Spanish jurists should be analyzed within the corpus of commercial law (lex mercatoria) employed by sea merchants, bankers and mercenaries throughout the 15th and 16th centuries. This dissertation explores the movement from figure to fiction in discourses of capital and violence.<br>Romance Languages and Literatures
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Mahfuz, Mahfuz. "A research to develop English insurance law to accommodate Islamic principles." Thesis, University of Manchester, 2013. https://www.research.manchester.ac.uk/portal/en/theses/a-research-to-develop-english-insurance-law-to-accommodate-islamic-principles(ba9df8a6-58e2-4506-b62e-431238740e73).html.

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In recent years the popularity of Islamic insurance policies has grown rapidly with many companies across the world providing this service. London is said to be the hub for Islamic finance. It is well known for welcoming innovative financial methods. The FSA have already authorised the insurance company Salaam Halal to provide policies based on Shariah principles. The FSA, however, announced that they must operate within the same legal framework as all other insurance policies. Consequently English law has to be applied in Islamic policies taken in this country. However, in many aspects, Shari
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Pinheiro, Ivan Nogueira. "Juros e usura no direito brasileiro: uma reflexão sob a perspectiva Tomista." Universidade de São Paulo, 2012. http://www.teses.usp.br/teses/disponiveis/2/2131/tde-29102012-155620/.

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O presente estudo propõe uma análise sobre o tema da usura no pensamento de São Tomás de Aquino de forma a determinar sua aplicabilidade à questão dos juros remuneratórios tal qual se apresenta hodiernamente no Direito Brasileiro. Inicialmente a concepção de Aquino é avaliada à luz da tríplice base que a compõe: a Lei Natural, segundo a qual se considera a esterilidade do dinheiro e a justiça natural; a Lei Humana, tida aqui como o Direito Romano, do qual se absorve a noção de fungibilidade do dinheiro e a conceituação dos contratos de mútuo; e a Lei Divina, tomada por São Tomás de forma a cor
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Khan, Omar Mahomed. "An investigation into the establishment of an Islamic banking enterprise in the Tshwane and surrounding areas / Omar Mahomed Khan." Thesis, North-West University, 2013. http://hdl.handle.net/10394/10167.

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Muslims in South Africa live within the framework of a Western economy in which the notion of interest plays a pivotal role. This system does not seem to comply with the strict interpretation of Islamic law, since the Quran prohibits any dealings on the basis of interest and strongly condemns those who continue to deal in interest-based transactions, warning them of a “notice of war from Allah and His Apostle”. Muslims are therefore faced with the dilemma of either participating in the current prevailing economic system and thereby violating the Quranic injunctions prohibiting interest or Riba
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Ben, Amira Mustapha. "The concept of interest in the Western and Middle Eastern society." CSUSB ScholarWorks, 2003. https://scholarworks.lib.csusb.edu/etd-project/2351.

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The entire banking systems in the western societies is based on the use of interest. The bank charges the borowers interest on its loans and pays its depositors interest on their deposits. On the other hand, the Middle Eastern banking system is an interest free system that prohibits the use of interest, either in receipt or in payment.
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Books on the topic "Interest and usury (Islamic law)"

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Ali, Mir Ahmed. Prohibition of usury: Islamic and Jewish practices. Outskirts Press, 2009.

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Court, Pakistan Federal Shariat. Federal Shariat Court judgment on interest (riba): Dr. Mahmood-ur-Rahman Faisal and others, petitioners, versus Secretary, Ministry of Law, Justice, and Parliamentary Affairs, Government of Pakistan, Islamabad, and others, respondents. P.L.D. Publishers, 1992.

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ʻĀlim, Yūsuf Ḥāmid. Ḥikmat al-tashrīʻ al-Islāmī fī taḥrīm al-ribā wa-manhaj al-Qurʼān fī al-qaḍāʼ ʻalá ẓāhirat al-ribā fī al-mujtamaʻ al-jāhilī al-awwal. Dār al-Ṣaḥwah, 1987.

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ʻAshmāwī, Muḥammad Saʻīd. al- Ribā wa-al-fāʾidah fī al-Islām. Sīnā lil-Nashr, 1987.

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Ḥusayn ʻAbd al-Majīd Ḥusayn Abū al-ʻIlā. Fiqh al-ribā wa-ahamm shabah al-qāʼilīn bi-ḥall baʻḍ ṣuwarih wa-al-radd ʻalayhā: Dirāsah fiqhīyah muqāranah. s.n.], 1989.

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Abū ʻAbd Allāh Fayṣal ibn Muḥammad al-Salafī Maghribī. Qāʻidah fī taḥqīq ḥadīth al-ribā: Wa-hūwa al-ḥadīth al-marwī ʻan Nabīyīnā. Dār al-Kutub al-ʻIlmīyah, 2009.

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Saʻd, Aḥmad Maḥmūd. al- Fawāʼid al-taʼkhīrīyah: Dirāsah muqāranah bi-al-sharīʻah al-Islāmīyah. Dār al-Nahḍah al-ʻArabīyah, 1986.

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Saʻd, Aḥmad Maḥmūd. al- Fawāʾid al-taʾkhīrīyah. Dār al-Nahḍah al-ʻArabīyah, 1987.

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ad-Daʼur̂, M. Ahmad. Bantahan atas kebohongan-kebohongan hukum seputar riba dan bunga bank. Al Azhar Press, 2004.

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Chibli, Mallat, University of London. Centre of Near and Middle Eastern Studies., and University of London. School of Oriental and African Studies. Dept. of Law., eds. Islamic law and finance. Graham & Trotman, 1988.

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Book chapters on the topic "Interest and usury (Islamic law)"

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Gürak, Hasan. "Islamic “interest-free” bonds—how Islamic are they?" In The Law of Riba in Islamic Banking. Routledge, 2024. http://dx.doi.org/10.4324/9781032631561-6.

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Kahf, Monzer, and Safa Yıldıran. "Why does Islamic finance reject interest?" In The Law of Riba in Islamic Banking. Routledge, 2024. http://dx.doi.org/10.4324/9781032631561-3.

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Bhatti, Maria. "Interest on arbitral awards and the prohibition against riba." In Islamic Law and International Commercial Arbitration. Routledge, 2018. http://dx.doi.org/10.4324/9780429468612-7.

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Gökırmak, Haşmet, and Fuat Sekmen. "Empirical evaluation of President Erdoğan's interest rate policy." In The Law of Riba in Islamic Banking. Routledge, 2024. http://dx.doi.org/10.4324/9781032631561-10.

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Malacka, Michal. "Sharia – Conflict of Law and Culture in the European Context." In Universal, Regional, National – Ways of the Development of Private International Law in 21st Century. Masaryk University Press, 2019. http://dx.doi.org/10.5817/cz.muni.p210-9497-2019-3.

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Sharia and its conflict with the private law within the EU is one of the most current problems in the conflict of laws. In accordance with the doctrine of ordre public, a foreign law that is otherwise applicable is disregarded if its application would violate some fundamental interest, basic policy, general principle of justice, or prevailing concept of good morals in the forum state. This doctrine is used and followed by judicial procedures not only at “the old continent” but also in Islamic countries. This article shows the basic aspects of Sharia, Islamic legal tradition and the reflection
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Baderin, Mashood A. "6. Law of financial transactions." In Islamic Law: A Very Short Introduction. Oxford University Press, 2021. http://dx.doi.org/10.1093/actrade/9780199665594.003.0006.

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‘Law of financial transactions’ studies the Islamic law of financial transactions. Islamic banking and finance is based on the general rules of contract and commerce as regulated by relevant provisions of the sharīʻah. Its fundamental principles are based on the legality of trade but prohibition of usury/interest (ribā), predatory/speculative transactions (gharar), gambling (maysir), and dealing in unlawful goods and services under the sharīʻah. Other relevant rules include the principles of partnership and agency, which are employed in devising different ‘sharīʻah-compliant’ products in conte
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Sachedina, Abdulaziz. "The Issue of Riba in Islamic Faith and Law." In Spiritual Goods Faith Traditions and the Practice of Business. Philosophy Documentation Center, 2001. http://dx.doi.org/10.5840/spiritgds200128.

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With the growth of Muslim economies, both at the national and international levels, the issue of riba (interest, usury) poses great difficulties. The charging or receiving of riba has been forbidden in Islam, which presents a major problem to financial institutions that charge interest. Muslim legal scholars belonging to all schools of legal thought have reinterpreted scriptural sources to accommodate drastic economic changes; practical considerations have forced Muslim groups, both of Sunni and Shi'ite persuasion, to justify interest-based banking and other institutions of finance. As a matte
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"Ribā, Interest and Usury." In Economics of an Islamic Economy. BRILL, 2010. http://dx.doi.org/10.1163/9789047441724_010.

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"Chapter Nine. Ribā, Interest and Usury." In Economics of an Islamic Economy. BRILL, 2010. http://dx.doi.org/10.1163/ej.9789004179370.i-470.38.

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Vogel, Frank E., and Samuel L. Hayes. "Islamic Laws of Usury, Risk, and Property." In Islamic Law and Finance. BRILL, 1988. http://dx.doi.org/10.1163/9789004634800_006.

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Conference papers on the topic "Interest and usury (Islamic law)"

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Shovkhalov, Sh. "Control of financial services of Islamic windows in the bank." In International Conference on Finance, Economics, Management and IT Business (FEMIB 2024). Crossref, 2025. https://doi.org/10.63550/iceip.2025.64.26.001.

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Federal Law 417-FZ entered into force in 2023 in Russia, which opened the opportunity for banks to operate in accordance with the norms of Islamic law. The practice of international financial markets has shown that Islamic windows in commercial banks, whose basis is interest rate transactions, are able to harmoniously coexist with the traditional banking system, despite their complete conceptual difference from the practice of usury. This, in turn, gave rise to a number of theoretical issues that remain poorly studied in Russian science. One of these issues is the lack of a clearly developed m
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Ahmed AL-HAJ, Salwa Hassan. "THE CONSTITUTION OF MEDINA AND ITS ROLE IN ORGANIZING SOCIETY: A STUDY OF OBJECTIVES." In VIII. International research Scientific Congress of Humanities and Social Sciences. Rimar Academy, 2024. https://doi.org/10.47832/istanbul.congress8-1.

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Before the mission of the Prophet Muhammad (peace be upon him), various tribes and religions existed in Yathrib, including tribes such as Banu Al-Nadir, Banu Qaynuqa, Banu Qurayza, Aws, Khazraj, Qurashis, and others. There were also diverse religions, including Muslims, Jews, and polytheists. All these components lived in separate fortresses and possessed significant wealth due to their involvement in trade and usury. When the Prophet (peace be upon him) arrived in the city, he worked on establishing a national unity that would include all these diverse ethnicities and religions. He wrote a do
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Tálos, Lívia, Gyöngyi Bánkuti, and Jozsef Varga. "The Analysis of the Turkish Islamic Banking System Between 2005 and 2014." In International Conference on Eurasian Economies. Eurasian Economists Association, 2016. http://dx.doi.org/10.36880/c07.01803.

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Islamic banking is a banking system that is based on the principles of sharia or Islamic law. The principles of Islamic finance forbid interest - this is commonly known as riba - charity (zakat), forbid high risk (gharar), forbid some transactions like gambling, and are based on PLS (Profit-Loss Share). The most important concept is that both charging and receiving interest are strictly forbidden; money may not generate profits. Islamic banks have largely survived the global economic crisis intact and they offer a safer operation than conventional banks. CAMEL analysis is a supervisory rating
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Hassan Al-Rababa, Ahmed. "THE IJTIHAD VIEW OF THE COMPANIONS, MAY GOD BE PLEASED WITH THEM, THE SENT INTEREST AS A MODEL AND ITS RELATIONSHIP TO CONTEMPORARY APPLICATIONS IN THE SCIENCE OF USUL AL-FIQ." In I. International Azerbaijan Congress of Humanities and Social Sciences. Rimar Academy, 2024. https://doi.org/10.47832/azerbaijancongress1-2.

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This research aims to clarify the jurisprudential consideration of the companions "May God be Pleased with them" in the calamities that occurred in their time based on the evidence of the transmitted interest, and its connection with the jurisprudential consideration of contemporary jurists in modern calamities based on the evidence of the sent interest, which confirms the validity of the evidence of Islamic law and its great purposes for all a time and a place to ensure that the interests of the community are brought about and the evils are warded off from them in whole and in detail.
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