Jurisprudence of usury in electronic money

الملخص EN

The word usury means excess or addition, the interest that the money-lender receives from the borrower.

The usury is one of the prohibitions that has been strongly condemned in the religion of Islam.

Consequences such as quitted business, unlawful acquisition of property, reduction in human emotions, class distances, and so forth are the reasons for the prohibition of usury.

E-money is the monetary value stored in an electronic tool and is the last step in the evolution of money, today, and is described as the process of immaterializing and the invisibility of money.

E-money is an emerging phenomenon that has the potential to perform the functions of money economically.

The purpose of this article is to investigate and explain the issue of usury in electronic money.

In this study, while defining and introducing different kinds of usury, the prohibition of usury from the perspective of the Qur'an, tradition and Islamic penal code is proved.

This article also examines whether usury exists in electronic money and what is its verdict.

Studies show that the conditions of prohibition of usury are also present in electronic money and this issue cannot be denied and therefore the prohibition of usury in electronic money is proved.