Penalty (Ta’zir and Ta’widh) in Islamic Economics and Finance

Author: Eka Wahyu Hestya Budianto
ISBN: xxx-xxx-xxxx-xx-x
Edition: First, February 2026/Sya’ban 1447 H
Page: xii + 370 hlm, B5 (18,2 cm x 25,7 cm)
Synopsis: Penalty mechanisms in Islamic economics and finance have long been subjects of scholarly debate and practical concern. While financial discipline is necessary to ensure contractual commitment and market stability, Islamic law strictly prohibits riba and unjust enrichment. This tension has generated important discussions on how penalties—particularly taʿzīr (disciplinary measures) and taʿwīḍ (compensation for actual loss)—can be structured in a manner consistent with Shariah principles. This book examines the conceptual foundations, juristic debates, institutional practices, and contemporary challenges surrounding penalty implementation in Islamic financial systems.