A Reflection on the Idea of no Usury in the Ma'dūdāt

One of the most complicated topics in Islamic economics is usury about which wide studies have been done by researchers of jurisprudence and Islamic economics. Using a descriptive-analytical method, this research examines the views and arguments of the jurists about the conditions of occurrence of transactional usury. The popular opinion of Imamiyyah jurists have considered two conditions for its occurrence. First, the two goods traded are of the same kind; second, the two goods should be measurable in terms of weight. As a result, the popular view does not accept the occurrence of usury in the Ma'dūdāt. Some have claimed that there is a consensus on this view. The only opponents of this view are Ibn Junaid, Sheikh Mufīd and Sallār. The main reasons for no usury in Ma'dūdāt are narrations. Therefore, the present article analyzes the narrations and believes that the popular view has two main drawbacks and the narrations should be considered as observing the Sunni view. According to the views of the late jurists, it is more probable that the examples mentioned in the narrations are the reason of the prohibition of usury. Other narrations also deal with confrontation between scale and weighed and observational affairs. As a result, the dissenting viewpoint of popular opinion has been strengthened through the critique and analysis of the arguments of views.