The Law of Usury in the Perspective of Qur'an and Hadith

Haifa Azahra (Universitas Lambung Mangkurat)
Raisa Nur Syifa (Universitas Lambung Mangkurat)

Jurnal Agama Sosial dan Budaya
Vol. 2 No. 6 (2023): November: Religion: Jurnal Agama, Sosial, dan Budaya

Usury has long been discussed, both academically and in the kitab. However, until now the problem of usury still arises in economic activities, both in buying and selling activities, debt and credit, and business transactions. In Islamic economics, usury is considered a haram thing because it contains elements of extortion whose impact is detrimental to others. Humans are "greedy" creatures, not always satisfied. This article discusses in detail about usury and matters related to it, such as the definition of usury according to the Qur'an and Hadith, various kinds of usury, the effects of usury, the wisdom of forbidding usury, bank interests and usury, the effects of usury on the society's economy, and the impact of usury on economic development.