Riba dan Gharar: suatu Tinjauan Hukum dan Etika dalam Transaksi Bisnis Modern

摘要

: Riba and Gharar: a Review of Law and Ethics of Modern Business Transactions. Numerous interpretations of riba and interest in modern financial institution vary based on who interpreted them. The fuqaha (fiqh experts) and Moslem economists have different opinion in that the ‘illat of riba said by the fuqaha is considered not accurate based on the development of Islamic law. Gharar, translated as speculation, is equal with gambling because there is uncertainty for both buyer and seller. Such practices are commonly done by modern society like transactions in agricultural crops that are still in the field by using wholeseller system. From Islamic ethics of transactions, riba, interest and gharar are not in accordance with the transaction ethics. Such practises are banned because they are unnatural, exploitative and non productive for economic activity.