Is the sharia banking usury or not?
There is a lot of perceived notions that the practice done by sharia banking still contains much usury, many of which argue that some even asked at the meeting or in the college chair, there was a Muslim who worked at a sharia bank, argued that the conventional bank of usury was clearly practiced. But I also see that the practice of sharia bank also impressed there is still interest and therefore raises the opinion that the sharia bank is not entirely accurate. It may give off the appearance of either a conventional bank or a usury changing clothes.
But general secretary of the indonesia sharia banking (Asbisindo) Achmad K Permana explained that in running the bussiness, sharia banking didn't contain any usury at all. if sharia banking releases a new product. It had to go through some of the stricter stages of a conventional bank. For example, the product must be approved by the national board of sharia (DSN). It is true that in view of the product in the sharia bank, it already has the covenant and the fatality, and both must be completed, either the new product can be produced and product can be released.
we see if in conventional banks in submitting products only to the Financial Services Authority (OJK), then Islamic banks must go through the stage to DSN first. After being approved and in accordance with the new fatwa submitted to the OJK. "Wanting to issue Islamic bank products must pass several steps by step, first to DSN and then to the OJK. The problem is the responsibility and relation between the world and the hereafter. To keep it in accordance with Islamic principles, every the bank has a supervisory board that continues to supervise so that the bank stays in line with the corridor.
In issuing fatwa, DSN-MUI is always comprehensive and not only views from one knowledge but various experts from disciplines can explain and listen then the study is issued. This study came out for weeks even more than a month because they had to be careful in issuing the fatwa,
the principle of Islamic banking which was part of the Islamic teachings related to the economy. One principle in the Islamic economy is the prohibition of usury in various forms, and using a system, among others, the principle of profit sharing, Islamic banking in carrying out its business activities based on sharia principles, economic democracy, and the principle of prudence. So it can be concluded that Islamic banks do not contain usury elements because in terms of products it must be approved first by DSN MUI, Islamic banking does prohibit the presence of usury, because riba is contrary to the teachings of Islam.