Ribā and interest were two terms those could not be separated in the study
of contemporary economics. Now the problem is that when definition of ribā is
faced with definition of interest, in one side the interest contains elements of
ribā and in the other side interest is an economic pace of banks in order to
increase prosperity. Bank encountered many controversies in term of the legal
status of interest, especially Muslim community around the world who often
wonder whether the interest halal, haram or subhat. This became thought for the
ulamas and experts of Islamic law in solving the legal status of interest.
This research used library research by collecting data using the method of
documentation that retrieved and collected personage data from books, journals,
newspapers at the library. The author used qualitative descriptive method that was
a sentences to clarify a person's meaning in order to obtain a conclusion. The
author also used content analysis. Content analysis is a research analysis
technique to draw conclusions that was replicable and valid data that notice the
context.
Wahbah az-Zuhaili contended that practically interest became an advantage
that was allowed on economic system, as the value of the time for compensation
that was considered the same formulation as ribā and that was forbidden due to
the additional elements that was required. Different from Wahbah az-Zuhaili,
Fazlurrahman criticized the definition of ribā as addition to the principal capital.
The prohibition of of ribā was due to create injustice
