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What is Muamalaat: Eradicating Riba System about?

This document presents an alternative to the riba (interest) system called muamalaat, which existed in Islamic societies from the time of the Prophet Muhammad until the fall of the caliphate. It contends that muamalaat, involving institutions like markets, trade caravans and guilds, as well as shariah currency and contracts, provides a complete socio-economic system that can replace the riba system. It argues that Islamic banks are not a true alternative and instead disguise riba, while muamalaat which uses

Author

DENNY SATYA ARIBOWO

Language

EN