ABSTRACT
Interest, viewed as a social and economic problem, in religious approaches that place emphasis on moral values has been prohibited in the scriptures. The arguments used in the Christian world to lift the prohibition of interest were also discussed in the Muslim world. The economies of the societies of other monotheist religions were based on agricultural production, whereas the Muslim community mostly relied on trade in the early stages. For this reason, there has always been a need for financing; as a result, the Muslim community has been vibrant in terms of discussing the definition of the term interest, as well as its scope and the boundaries of the ban. The debates resulted in the emergence of terms such as ribā al-nasiyah and ribā al-fadl. The jurists agree on the religious ruling that applies to the first, whereas they raise different views on the latter due to a number of elements, including the basis of this type of interest, the six commodities referred to in a hadith upon which its definition has been built, the economic norm of these commodities, the characteristic of the debt, and the inflation rate.
