Legal maxim: “Every loan that brings benefit is usury,” its related issues and implementation in pre-Islamic and Malaysian financial transactions
An important Islamic legal maxim is “Every loan that brings benefit is usury”. A normal ruling of the Sharῑ‘ah is that if anyone receives a loan from a person or a bank, he is supposed to return its exact amount to the moneylender. Any increase to it is considered usury (ribᾱ’) and therefore forbid...
Saved in:
| Main Author: | |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
International Islamic University Malaysia
2018
|
| Subjects: | |
| Online Access: | http://irep.iium.edu.my/64680/1/64680_Legal%20Maxim-%20%E2%80%9CEvery%20Loan%20That%20Brings.pdf http://irep.iium.edu.my/64680/ http://journals.iium.edu.my/jiasia/index.php/Islam/article/view/665 |
| Tags: |
Add Tag
No Tags, Be the first to tag this record!
|