ANALISIS KRITIS TERHADAP KONSEP RIBA DALAM HUKUM EKONOMI ISLAM DAN DAMPAKNYA PADA PRAKTIK PERBANKAN

Abstract

This study analyses the concept of usury in Islamic economic law and its implications for the development of Islamic banking products in Indonesia. Usury, which is expressly prohibited in the Qur'an, is seen as a source of social and economic injustice. The research also compares Islamic and conventional banking in terms of operations, risks, and principles of fairness. A qualitative method with a descriptive-analytical approach was used to extract data from primary and secondary sources through content analysis. The results show that usury not only has a theological dimension, but also affects economic and social stability. Islamic banking, which is based on sharia principles such as profit sharing, offers an alternative solution to the exploitation of usury. However, despite significant growth, the market share of Islamic banking is still low due to lack of education, public understanding, and competition with conventional products and fintech. This study recommends increased education, innovation of sharia-based products, and transparency in Islamic banking practices. Thus, Islamic banking can contribute more to equitable and sustainable economic development in Indonesia.