KnE Social Sciences

ISSN: 2518-668X

The latest conference proceedings on humanities, arts and social sciences.

Reinterpretation of Bank Interest Law in the View of K.H Bahauddin Nursalim on YouTube Channel

Published date: Jan 11 2024

Journal Title: KnE Social Sciences

Issue title: 1st Raden Intan International Conference on Sharia and Law (1st RIICSHAW)

Pages: 510–518

DOI: 10.18502/kss.v9i2.15008

Authors:

Arinda Bella Triana - bellaktb1@gmail.com - https://orcid.org/0009-0001-2170-466X

Relit Nur Edi

Rudi Santoso

Abstract:

The controversy over the bank convention still colors the discourse that lives in society because the interest given by the bank convention is something that is forbidden by the Indonesian Ulema Council (MUI). But not long ago, there were contemporary scholars such as K.H Bahauddin Nursalim who said that the status of bank interest is not unlawful. Then what is the reason why K.H Bahauddin Nursalim does not contain haram elements? This research is library research. The data were collected using secondary data. As a result, bank interest in the view of K.H Bahauddin Nursalim is associated with re-interpretation. K.H Bahauddin Nursalim linked interest banks more with inflation rates, so the reason bank interest is compensated to prevent inflation cannot be justified, which like this is strictly prohibited in Islam considering that even a penny’s excess includes usury.

Keywords: bank interest, usury, Islamic

References:

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[6] Rita Zahara RS, Efa Rodiah N. “The effect of investment on economic growth and development in the perspective of Islamic economics.” J ASAS. 2022;14:70. https://doi.org/10.24042/asas.v14i02.15697.

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