The Phenomenon of New Money Exchange Ahead of Eid Al-Fitr: Analysis of DSN-MUI Fatwa on Buying and Selling Currencies (Sharf)

Neni Hardiati, Fitriani F

Abstract


New money changers ahead of Eid al-Fitr are a phenomenon that is often seen in Ramadan. Money in Islam is not a commodity or cannot be bought and sold. Its use is limited to the medium of exchange of value. Research conducted with the existence of a fatwa on buying and selling money in the fatwa of the Indonesian Ulema Council (MUI) on buying and selling currency (sharf), in the fatwa stipulates transactions in buying and selling currencies included in riba fadl. The result of the study is that according to the DSN-MUI fatwa regarding the sale and purchase of currency, the law is usury, including riba fadl. , this is in accordance with the hadith of the Prophet Muslim History No. 4147 to avoid doubts in the new money exchange transaction it would be nice if we could directly exchange it to the bank because in the bank there is no excess in exchanging new money. In addition, it is strengthened by the DSN fatwa on money exchange that exchanging money is legally permissible with a note that there is no addition, if there is an addition, it includes usury.


Keywords


New money changer, DSN-MU fatwa, Buying and selling currencies

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References


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DOI: https://doi.org/10.5281/zenodo.11204920

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