Meninjau Kembali Definisi Riba Era Modern, Pinjaman Uang Kartal (Fiat) Perspektif Studi Islam Fikih Kontemporer


  • Saiddaeni Saiddaeni UIN Raden Mas Said Surakarta


Riba, Currency, Fiqh, fluctuations


This article explores the differences in the understanding and application of usury between the time of the Prophet Muhammad and the present day, highlighting the impact on societal views and laws. Recognizing the risks associated with currency fluctuations is crucial before engaging in such transactions. For Muslims, comprehending the contemporary application of usury is vital in adhering to Islamic financial principles. The study utilizes a literature review, comparing the understanding of usury during the time of the Prophet Muhammad with modern usury involving currency (fiat). The definition of usury, as derived from fiqh (Islamic jurisprudence), requires reevaluation in the present context. The findings reveal disparities between usury then and now, primarily due to the different values of currency and gold. Borrowing currency in modern times does not necessarily constitute usury due to currency fluctuations and annual inflation. In contrast, during the time of the Prophet Muhammad, gold dinars were used as a more stable means of transaction. The core objective of religious prohibition of usury is to ensure fairness, prevent unjust interest charges, and consider risks and other pertinent factors in financial transactions. Thus, individuals can opt for loans that do not involve usury or ambiguity (gharar) in their transactions.