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All Journal Jurnal Hadratul Madaniyah International Journal of Islamic Economics (IJIE)
Itsla Yunisva Aviva
Unknown Affiliation
Economics, Econometrics & Finance Education

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CONTROVERSY ON RIBA PROHIBITION: MAQASHID SHARIAH PERSPECTIVE Muhammad Iqbal Fasa; Itsla Yunisva Aviva; Yayan Firmansah; Suharto Suharto
Jurnal Internasional Ekonomi Islam Vol 1 No 02 (2019): International Journal of Islamic Economics
Publisher : The Postgraduate of Institut Agama Islam Negeri Metro Lampung

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32332/ijie.v1i02.1804

Abstract

Riba is one of debated issues in modern times. Although the Qur'an forbids Riba, there are still Muslim scholars who are debated on the operational definition of Riba. Differences in opinion can be found in the repertoire of fiqh and tafsir al-Qur’an pre-modern and modern. Naturally, the debates are often influenced by the particular sociological context. There is existing view which distinguishes bank interest with usury, thus implies the permissibility interest rate in financial transactions. Prohibition of Riba, from the perspective of maqashid syariah, is based on moral considerations and humanity. It is because the essence of the prohibition is to eliminate of all forms of injustices and unfairness in economic practices. The method of this paper is based on literature review by reviewing in-depth the books, commentaries and writings on maqashid sharia, interest rate transaction, and usury.
The Role of Monetary Policy in Stabilizing Inflation: An Islamic Economic Perspective Istiqomah; Itsla Yunisva Aviva
Jurnal Hadratul Madaniyah Vol. 12 No. 1 (2025): Jurnal Hadratul Madaniyah
Publisher : ​Institute for Researches and Community Services Universitas Muhammadiyah Palangkaraya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33084/jhm.v12i1.9825

Abstract

Monetary policy plays a very important role in stabilizing inflation and maintaining economic balance. In the perspective economics, monetary policy must be based on the principle of justice, prioritize welfare, and avoid usury. This article examines the role of monetary policy in stabilizing inflation from the perspective of Islamic economics. This research uses a descriptive qualitative method with a literature study approarch, where data collection employs secondary data taken from books, journals, and articles that support the theme of this research. Research result indicate that in Islamic economic, stabilizing inflation is achieved through monetary policies that are just and free from usury. However, several sharia economic experts believe that there are some some conventional monetary policy instrumensts that can still be applied, such as reserve requirements, overall and selective credit ceilings, moral suasion, and chages in monetary policy  
Co-Authors Istiqomah Muhammad Iqbal Fasa Suharto Suharto Yayan Firmansah