Formosa Journal of Applied Sciences (FJAS)
Vol. 4 No. 10 (2025): October 2025

The Moral Dilemma Behind the Chase of Money: Islamic Criticism of Modern Speculation and Usury

Syelbi Huriyah Baradja (Universitas Muhaamadiyah Surakarta)
Aurellia Bunga Ardellia Pramana Putri (Universitas Muhammadiyah Surakarta)
Putraku Rangga Nugrohodjati (Universitas Muhammadiyah Surakarta)
Priyono Priyono (Universitas Muhammadiyah Surakarta)



Article Info

Publish Date
22 Oct 2025

Abstract

The phenomenon of the pursuit of money reflects the moral crisis in the modern economy, when financial gain is made the main goal at the expense of ethical and spiritual values. The capitalist system based on riba (interest), maysir (speculation), and gharar (uncertainty) causes social inequality, economic instability, and moral degradation. Alternatively, Islamic economics offers a system of justice through the principles of mudharabah (profit sharing), musyarakah (partnership), and murabahah (buying and selling with profit margins) that emphasize fairness and transparency. This study uses a qualitative-descriptive method with a literature study approach to classical and contemporary sources. The results of the study show that profit-based economic practices are solely contrary to the sharia maqashid. Islamic financial moral education and literacy are important to build awareness towards a just, moral, and sustainable global economy.

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Journal Info

Abbrev

fjas

Publisher

Subject

Control & Systems Engineering Decision Sciences, Operations Research & Management Education Engineering Social Sciences

Description

Formosa Journal of Applied Sciences (FJAS) seeks to propose and disseminate the knowledge by publishing original research findings and novelties, review articles and short communications in the wide spectrum of applied sciences. Scope of the journal includes: Biology, chemistry, physics, ...