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...
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| Format: | Article |
| Language: | English |
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International Islamic University Malaysia
2018
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| Online Access: | http://irep.iium.edu.my/64680/ http://irep.iium.edu.my/64680/ http://irep.iium.edu.my/64680/1/64680_Legal%20Maxim-%20%E2%80%9CEvery%20Loan%20That%20Brings.pdf |