Proceedings of the First International Conference of Economics, Business & Entrepreneurship, ICEBE 2020, 1st October 2020, Tangerang, Indonesia

Research Article

Riba and the Corona Plague (Sharia Economic Perspective)

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  • @INPROCEEDINGS{10.4108/eai.1-10-2020.2305575,
        author={Heru  Wahyudi and Tiara  Nirmala},
        title={Riba and the Corona Plague (Sharia Economic Perspective)},
        proceedings={Proceedings of the First International Conference of Economics, Business \& Entrepreneurship, ICEBE 2020, 1st October 2020, Tangerang, Indonesia},
        publisher={EAI},
        proceedings_a={ICEBE},
        year={2021},
        month={4},
        keywords={riba classic hadith sharia corona economic},
        doi={10.4108/eai.1-10-2020.2305575}
    }
    
  • Heru Wahyudi
    Tiara Nirmala
    Year: 2021
    Riba and the Corona Plague (Sharia Economic Perspective)
    ICEBE
    EAI
    DOI: 10.4108/eai.1-10-2020.2305575
Heru Wahyudi1,*, Tiara Nirmala1
  • 1: University of Lampung
*Contact email: heru.wahyudi@feb.unila.ac.id

Abstract

Alloh has threatened to destroy everything related to usury, "Allah Ta'ala destroys usury and fertilizes alms. And Allah Ta'ala does not like everyone who remains in disbelief, and always sins." (QS Al Baqarah: 276). Riba from usury transactions is commonplace in Indonesia. `The research wants to find out the moral message of sharia economics regarding usury and the outbreak of the corona 19 disaster. It is a naturalist research in the form of literary studies of classical interpretations from 7 classical hadith books. The result is that all classical hadiths reveal the connection between usury and various dangers in the form of threats and risks to the world and the hereafter. Riba is a major sin, usury brings the curse of Allah Ta'ala and His Messenger including the Corona Plague, Riba made business sluggish and discourages direct investment. His recommendation is time to eliminate usury.