The Moral Dilemma Behind the Chase of Money: Islamic Criticism of Modern Speculation and Usury

Syelbi Huriyah Baradja; Aurellia Bunga Ardellia Pramana Putri; Putraku Rangga Nugrohodjati; Priyono Priyono

doi:10.55927/fjas.v4i10.402

Authors

Syelbi Huriyah Baradja Universitas Muhaamadiyah Surakarta
Aurellia Bunga Ardellia Pramana Putri Universitas Muhammadiyah Surakarta
Putraku Rangga Nugrohodjati Universitas Muhammadiyah Surakarta
Priyono Priyono Universitas Muhammadiyah Surakarta

DOI:

https://doi.org/10.55927/fjas.v4i10.402

Keywords:

Islamic Economics, Usury, Speculation, Profit-Making, Sharia Finance

Abstract

The phenomenon of the pursuit of money reflects the moral crisis in the modern economy, when financial gain is made the main goal at the expense of ethical and spiritual values. The capitalist system based on riba (interest), maysir (speculation), and gharar (uncertainty) causes social inequality, economic instability, and moral degradation. Alternatively, Islamic economics offers a system of justice through the principles of mudharabah (profit sharing), musyarakah (partnership), and murabahah (buying and selling with profit margins) that emphasize fairness and transparency. This study uses a qualitative-descriptive method with a literature study approach to classical and contemporary sources. The results of the study show that profit-based economic practices are solely contrary to the sharia maqashid. Islamic financial moral education and literacy are important to build awareness towards a just, moral, and sustainable global economy.

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