THE VARIANT OF THOUGHT OF THE MUHAMMADIYAH PRICE ELITES IN CONDUCTING USURY AND INTEREST OF BANK

Abstract

Purpose: The existence of Muhammadiyah's religious variant is very reasonable because Muhammadiyah is the reality of social text that continues to be collected by its members consisting of various educated and besides, Muhammadiyah is a very dynamic tajdid movement. This study wants to reveal the religious variants of the elite of Muhammadiyah citizens in understanding the problem of usury and bank interest. Methodology: The approach in this study uses a phenomenological descriptive analysis. Result: From this analysis, it is known that there are two variants of the elite Muhammadiyah in addressing the problem of usury and bank interest. First; The elite of Muhammadiyah from the young class thought is influenced by the stream of modernism / substantive legal. They argue that "riba is an excess of principal property, but not every excess is forbidden. The Excess of forbidden is the advantages that bring harm/tyranny for all parties ". And Second; A small part of the Muhammadiyah elite of the old class of thought follows the neo-revivalism / legal formal. They argue that the Qur'anic verses that contain legal issues are qath'y like verses of usury. For that the verses of the law should no longer be interpreted other than what has been written on the text. This stream argues the meaning of usury is a good advantage of little or much while the bank interest is the excess of basic assets then the law is forbidden. Applications: This research can be used for universities, teachers, and students. Novelty/Originality: In this research, the model of the variant of thought of the Muhammadiyah price elites in conducting usury and interest of bank learning is presented in a comprehensive and complete manner.