A hadith about riba and the relationship with occupation : Which one is preferable between merchant and islamic bank clerk?

An'im Kafabih; Asfi Manzilati

doi:10.20885/jielariba.vol4.iss1.art4

Submitted

February 2, 2018

Accepted

March 21, 2018

Published

June 29, 2018

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Abstract

This study examines what provides the lowest relation to interest rates between traders who discuss and load their merchandise once exemplified by the Prophet Muhammad, and employees of Islamic banks. This study is necessary because the Prophet Muhammad once said at the end of time, there will be a time when people will accept usury, while someone rejects it, then these people will use the dust. This study uses a quantitative approach, the smallest square of the regression model that supports this study. From the results of the existing research on the statistics of bank employees, in this case, it is reflected in the BSM employee's work which describes the relationship to lower interest rates of large traders who obtain and buy their merchandise.

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How to Cite

Kafabih, A., & Manzilati, A. (2018). A hadith about riba and the relationship with occupation : Which one is preferable between merchant and islamic bank clerk?. Journal of Islamic Economics Lariba, 4(1), 37–45. https://doi.org/10.20885/jielariba.vol4.iss1.art4

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References

Abuzayed, Bana and Al-Fayoumi, Nedal. Bank concentration, institutional quality, and economic growth: Empirical evidence from MENA countries. Review of international business and strategy.(2016). Vol. 26. Pp. 219-231.
Ashshiddiqi, Hasbi, et.al,. (1992). Al-Qurâ€™an dan Terjemahannya. Departemen Agama Republik Indonesia: Jakarta.
Aysan, Ahmed F. et al. Religiosity versus rationality : Depositor behavior in Islamic and conventional banks. Journal of Comparative Economics. (2017). Pp. 1-19.
Chapra, M. Umer. (1997). Al Qurâ€™an Menuju Sistem Moneter yang Adil. Yogyakarta: Dana Bhakti Prima.
... (2006). Why has Islam prohibited interest? Rationale behind the prohibition of Interest. Interest in Islamic Economics: Understanding Riba.
Chong, Beng Soon and Liu, Ming-Hua. Islamic Banking: Interest-free or Interest-Based?. Pacific-Basin Finance Journal.(2009). Vol. 17. Pp. 125-144.
Farooq, Mohammad Omar. (2009). Riba, Interest and six hadiths: Do we have a definition or a conundrum?. Review of Islamic Economics, Vol. 13, No. 1.
Gul, Ali Riza. Riba (usury) prohibition in the qurâ€™an in terms of its historical context. Journal of religious culture No. 116, 2008.
Gujarati, Damodar N. And Porter, Dawn C. (2008). Basic Econometrics.(5th ed,). New York : McGraw-Hill Irwin.
Hamza, Hichem. Does Investment deposit return in Islamic banks reflect PLS principle?. Borsa Istanbul Review xx.(2015). Pp. 1-11.
Hassan, M. Kabir and Lewis, Mervlyn K. (2007). Handbook of Islamic Banking. Cheltenham : Edward Elgar Publishing Limited.
Hutapea, Erwin G, and Kasri, Rahmatia A. Bank Margin Determination : A comparison between Islamic and conventional banks in Indonesia. Internationa Journal of Islamic and Middle Eastern Finance and Management. (2010). Vol. 3. Pp. 65-82.
Khan, Muhammad Akram. (2003). Islamic Economics and Finance: A Glossary (2nd ed.). London: Routledge.
Maniw, N. Gregory. (2012). Macroeconomics (8th. Ed). New York: Worth Publishers.
Rivai, Veithzal., Firmansyah, Rinaldi., Veithzal, Andria Permata., Rizqullah. (2010). Islamic Finance Management Teori, Konsep, dan Aplikasi:Panduan Prakti bagi Lembaga Keuangan dan Bisnis, Praktisi, serta Mahasiswa. Bogor: Ghalia Indonesia.
Sharp, Ansel M., Register, Charles A. And Grimes, Paul W. (2010) Economics of social issues. New York : McGraw-Hill Irwin.
Taher, Ibrahim Nuhu. The Reason Why The Companion Ibn Abbas Changed His Opinion on Riba Al-Fadhl. International Journal of Social Science and Humanity, Vol. 6, No. 6, June 2016.
World Bank, (2017, January 22). Automated Teller Machines (ATM). Retrieved from : http://data.worldbank.org/indicator/FB.ATM.TOTL.P5?end=2015&locations=ID&start=2005.

References

Abuzayed, Bana and Al-Fayoumi, Nedal. Bank concentration, institutional quality, and economic growth: Empirical evidence from MENA countries. Review of international business and strategy.(2016). Vol. 26. Pp. 219-231.

Ashshiddiqi, Hasbi, et.al,. (1992). Al-Qurâ€™an dan Terjemahannya. Departemen Agama Republik Indonesia: Jakarta.

Aysan, Ahmed F. et al. Religiosity versus rationality : Depositor behavior in Islamic and conventional banks. Journal of Comparative Economics. (2017). Pp. 1-19.

Chapra, M. Umer. (1997). Al Qurâ€™an Menuju Sistem Moneter yang Adil. Yogyakarta: Dana Bhakti Prima.

... (2006). Why has Islam prohibited interest? Rationale behind the prohibition of Interest. Interest in Islamic Economics: Understanding Riba.

Chong, Beng Soon and Liu, Ming-Hua. Islamic Banking: Interest-free or Interest-Based?. Pacific-Basin Finance Journal.(2009). Vol. 17. Pp. 125-144.

Farooq, Mohammad Omar. (2009). Riba, Interest and six hadiths: Do we have a definition or a conundrum?. Review of Islamic Economics, Vol. 13, No. 1.

Gul, Ali Riza. Riba (usury) prohibition in the qurâ€™an in terms of its historical context. Journal of religious culture No. 116, 2008.

Gujarati, Damodar N. And Porter, Dawn C. (2008). Basic Econometrics.(5th ed,). New York : McGraw-Hill Irwin.

Hamza, Hichem. Does Investment deposit return in Islamic banks reflect PLS principle?. Borsa Istanbul Review xx.(2015). Pp. 1-11.

Hassan, M. Kabir and Lewis, Mervlyn K. (2007). Handbook of Islamic Banking. Cheltenham : Edward Elgar Publishing Limited.

Hutapea, Erwin G, and Kasri, Rahmatia A. Bank Margin Determination : A comparison between Islamic and conventional banks in Indonesia. Internationa Journal of Islamic and Middle Eastern Finance and Management. (2010). Vol. 3. Pp. 65-82.

Khan, Muhammad Akram. (2003). Islamic Economics and Finance: A Glossary (2nd ed.). London: Routledge.

Maniw, N. Gregory. (2012). Macroeconomics (8th. Ed). New York: Worth Publishers.

Rivai, Veithzal., Firmansyah, Rinaldi., Veithzal, Andria Permata., Rizqullah. (2010). Islamic Finance Management Teori, Konsep, dan Aplikasi:Panduan Prakti bagi Lembaga Keuangan dan Bisnis, Praktisi, serta Mahasiswa. Bogor: Ghalia Indonesia.

Sharp, Ansel M., Register, Charles A. And Grimes, Paul W. (2010) Economics of social issues. New York : McGraw-Hill Irwin.

Taher, Ibrahim Nuhu. The Reason Why The Companion Ibn Abbas Changed His Opinion on Riba Al-Fadhl. International Journal of Social Science and Humanity, Vol. 6, No. 6, June 2016.

World Bank, (2017, January 22). Automated Teller Machines (ATM). Retrieved from : http://data.worldbank.org/indicator/FB.ATM.TOTL.P5?end=2015&locations=ID&start=2005.

A hadith about riba and the relationship with occupation : Which one is preferable between merchant and islamic bank clerk?

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