Avoidance of Riba-Based Loans and Enhancement of Quality of Life: An Indonesian Context Analysis

Abstract

Riba (usury) has long been a contentious issue in Islam due to its adverse effects on economic equity and social wellbeing. This paper delves into the intricate relationship between refraining from the use of riba-based loans and the quality of life, with a specific focus on the unique context of Bengkulu, Sumatra, Indonesia. By conducting an extensive analysis of the existing literature and empirical evidence, this study explores the multifaceted dimensions of transitioning away from riba-based loans and their negative consequences. The findings demonstrate that the avoidance of riba-based loans leads to a ripple effect of positive changes and improved mental and physical wellbeing. Furthermore, the ethical dimension underscores the alignment of financial practices with an equitable society and moral values, thereby fostering religious awareness and realization. The paper argues that transitioning away from riba-based loans does not merely serve as a potent catalyst for improving the quality of life exclusively within Muslim communities but extends the impact, transforming the contemporary way of life into a more sustainable and inclusive financial ecosystem. This transformation is achieved by steadfastly prioritizing ethical conduct, spiritual fulfilment, social responsibility, and the equitable sharing of prosperity. This research provides valuable insights for policymakers, practitioners, and researchers who are dedicated to advancing the understanding and implementation of Islamic finance for the betterment of society.

Efektivitas Pengelolaan Dokumen Dalam Meningkatkan Pelayanan Jamaah Haji (Studi Kasus di Kantor Wilayah Kementerian Agama Provinsi Bengkulu)

“…Copyright @ Binda Kurniyasih, Romi Adetio Setiawan, Nonie Afrianty Secara keseluruhan, ibadah haji bukan sekadar tugas keagamaan rutin, melainkan sebuah pengalaman yang memadukan aspek-aspek ibadah, kepatuhan, pengorbanan, dan ketahanan dalam rangka mencapai tujuan spiritual dan mendekatkan diri kepada Allah. Setiawan (2023a) mengungkapkan seseorang yang melakukan ibadah dengan tulus kepada Allah dan sesuai dengan prinsip syariah diharapkan akan mengalami dampak positif dalam kehidupan sehari-harinya. Dampak tersebut muncul pada kualitas perbuatan dan etika pribadinya.…”