Ibn Qayyim al-Jawziyyah’s Usury Concept

Gatot Gunarso ()

MPRA Paper from University Library of Munich, Germany

Abstract: This article uses a literature review approach focusing on explaining how the concept of usury in the view of Ibn al-Qayyim al-jawziyyah. This article asserts that usury is one of the forbidden transactions in Islam because it is recorded in the letter of Al-Baqarah verse 275, In interpreting the verse related usury, Ibn al-Qayyim explains that usury is divided into two namely riba fadl and usury nasiyah. The usury has become a core in conventional banking in modern times better known as flowers.

Keywords: Ibn Qayyim; Usury Concept; Interest Bank (search for similar items in EconPapers)
JEL-codes: A10 B00 B30 (search for similar items in EconPapers)
Date: 2018-06-14, Revised 2018-06-16
New Economics Papers: this item is included in nep-isf
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Published in Ibn Qayyim al-Jawziyyah’s Usury Concept 01.02(2018): pp. 1-6

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