Legal maxim: “Every loan that brings benefit is usury,” its related issues and implementation in pre-Islamic and Malaysian financial transactions

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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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Bibliographic Details
Main Author:	Amanullah, Muhammad
Format:	Article
Language:	English
Published:	International Islamic University Malaysia 2018
Subjects:	BP173.75 Islam and economics HB126.4 Islamic Economics HG3368 Islamic Banking and Finance KBP1 Islamic law.Shariah.Fiqh
Online Access:	http://irep.iium.edu.my/64680/ http://irep.iium.edu.my/64680/1/64680_Legal%20Maxim-%20%E2%80%9CEvery%20Loan%20That%20Brings.pdf

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