scholarly journals Bargaining Mechanism in Islamic Economic System

2019 ◽  
Vol 6 (1) ◽  
pp. 104-114
Author(s):  
Yudistia Teguh Ali Fikri
Keyword(s):  
Economic System ◽  
Price Level ◽  
Literature Study ◽  
Advantages And Disadvantages ◽  
Bargaining Position ◽  
Islamic Economic ◽  
The Many ◽  
Bargaining Positions ◽  
Bargaining Mechanism

This article discusses the concept of bargaining position in the Islamic economic system. By using a literature study, this article finds a narrative that bargaining positions occur in goods or services. The conclusion are: bargaining must be carried out by more than one person. So, there are at least two people who transact (sellers and buyers). If there is only one person, the bargaining position certainly cannot happen. Examples of the many bargaining that occur are on the market. In a sale and purchase, those with higher bargaining rights are buyers. Whereas the seller will compensate the buyer for positive bargaining. Bidding is goods or services offered at a certain amount and price level and under certain conditions. There is also an offer in the Islamic economy that distinguishes it from conventional offers, that the goods or services offered must be transparent and specified in their specifications, how the condition of the goods, what are the advantages and disadvantages of the goods. The offer made does not harm the party submitting the request; and vice versa.

scholarly journals REFORMULASI BANGUN SISTEM EKONOMI ISLAM

2016 ◽  
Vol 8 (1) ◽  
Author(s):  
Elly Masykuroh
Keyword(s):  
Economic System ◽  
Economic Problem ◽  
Economic Thought ◽  
Economic Issues ◽  
The World ◽  
History Of ◽  
Islamic Economic ◽  
The Many ◽  
Two Alternatives

The idea of this paper came from the many phenomenas of economic problem occuring in various part of the world that become increasingly serious. Both economis  school of capitalist and socialist was not able to provide solution for the increasingly complex economic issues. This condition raises expectation for an alternative economic system that is able to resolve economic problem. Current discourses about Islamic economic system sound relevance and begin to be studied to resolve the economic problem. Through the study and reconstruction of the history of Islamic economy, it shows that system of Islamic economy does exist legally and de facto. Now, our job is to formulate the form and concept of Islamic economy that can be accepted as an alternative economic system in the world. The formulation of the concept and theory of Islamic economy can take two alternatives: firstly, through revision of the old theory of Islamic economy in accordance with the principle and characteristic of Islamic economy, secondly, the recontruction of history through the Islamic economic thought, so that it can gave birth new Islamic economic system.

scholarly journals Sharia Islamic Economics in the Middle of Civilization Transition

2021 ◽  
Vol 3 (1) ◽  
pp. 64-75
Author(s):  
Mohammad Ghozali ◽  
Resi Handayani ◽  
Wahyudi Bakri
Keyword(s):  
Economic System ◽  
Secondary Data ◽  
Advantages And Disadvantages ◽  
Positive Side ◽  
Library Research ◽  
The Government ◽  
Islamic Economic ◽  
The Individual ◽  
The Right ◽  
The Relationship

The existence of an economic system of capitalism, an economic system of socialism, and an economic system of sharia are a response to problems regarding the economy as well as an answer to removing people from the obscurity of the existing economic system. It’s hoped that these systems will be the key to the economic success of a society. But there are always advantages and disadvantages to every existing system. The economic system of capitalism is an economic system hi which investors or owners of capital are the movers and rulers. Meanwhile, the economic system of socialism is a system hi which the government is the main control, this system ignores the position of the individual, everything is regulated by the ruler and no one has the right other than the ruler. The considerations positives and negatives of each system have created a sharia economic system where this system has every positive side of the capitalist and socialist economic system but ignores the shortcomings or negative sides of the two systems. This paper discussed how the economic system of capitalism, the economic system of socialism, the Islamic economic system, and the relationship between them. The method used in this writing was library research, in which the authors used various secondary data from books, article, and many more. The results showed that it is clear that there are far differences between the conventional economic system and the Islamic economic system, the conventional economic system includes the economic system of capitalism and the economic system of socialism.

scholarly journals The Islamic economy: its origin, its world view and its claims

2019 ◽  
Vol 3 (4) ◽  
pp. 53-89
Author(s):  
Hans Visser
Keyword(s):  
Economic System ◽  
Identity Politics ◽  
World View ◽  
Literature Study ◽  
Early Nineteenth Century ◽  
Islamic Ethics ◽  
Wide Range ◽  
The World ◽  
Islamic Economic ◽  
Ethical Basis

Aim: This article takes a critical look at the claims made by advocates of an Islamic economy, in particular that it differs fundamentally from capitalism and socialism because it is built “on a superior ethical basis. The aim is to find out whether this claim can be creditably sustained and why it is made.Design: The world view behind the Islamic economy is probed into by means of a literature study encompassing publications by prominent students of Islam and Islamic economics, predominantly themselves Muslims, which have appeared in a wide range of professional books, magazines and paper series.Conclusions: It is concluded that an Islamic economic system does not differ fundamentally from mixed-economy non-Islamic ones and that there is little reason for non-Muslims to accord Islamic ethics special status. Further, it is found that important drivers of the attempts to Islamize the economy are frustration about the sorrow state of the Islamic world at least since the early nineteenth century and a wish to regain something of its former glory. In other words, identity politics is at play. There may an element of subjectivity in this conclusion, as it depends on interpretations that are hard to prove or disprove conclusively, but statements by leading Muslim advocates of Islam economists give it weight. The conclusion may help to interpret developments in the Muslim world, which is an indispensable step in finding a way to deal with them.

scholarly journals SISTEM PEREKONOMIAN NEGARA-NEGARA DI DUNIA

2016 ◽  
Vol 16 (02) ◽  
Author(s):  
Dicky Sumarsono
Keyword(s):  
Soviet Union ◽  
Economic System ◽  
Islamic Law ◽  
Economic Systems ◽  
Literature Study ◽  
The Soviet Union ◽  
Socialist Economic ◽  
The Government ◽  
Islamic Economic ◽  
Socialist Economic System

This study aims to look at the existing economic system in this world, both socialist economic system, capitalist economic system, and Islamic economic system. The research method used is literature study method. The results of the study indicate that the socialist economic system, the economic system in which the government has a very big role in managing the wheels of the economy from upstream to downstream in the economic chain in society, and this economic system has not existed or not developed since the collapse of the soviet union. While the capitalist economic system, the economic system gives people the freedom to own wealth, and this system also dominates the economic systems used by countries in this world. Then the Islamic economic system until recently is a concept that will be an alternative to the economic system that prosper with a lot of learning also from the two existing economic system, namely the capitalist economic system and socialist economic system, of course take things positive of both as long as it is not against the Islamic Shari'ah that comes from the sources of Islamic law especially the Qur'an and al-Hadis.

scholarly journals PARADIGMA HOLISTIK EKONOMI DALAM ISLAM: STUDI PERBANDINGAN DENGAN KAPITALISME DAN SOSIALISME

2017 ◽  
Vol 6 (2) ◽  
Author(s):  
Abu Khaer
Keyword(s):  
Comparative Study ◽  
Economic System ◽  
Capital Adequacy ◽  
Social Awareness ◽  
Literature Study ◽  
Equal Distribution ◽  
Socialist Economic ◽  
Islamic Economic ◽  
Capital Ownership ◽  
Individual Ownership

Tulisan ini akan membuktikan bahwa mainstream sistem ekonomi yang berkembang, yaitu kapitalisme dan sosialisme merupakan bagian dari sistem yang Islami. Sistem ekonomi kapitalis yang sesuai dengan semangat ekonomi Islam, meminjam contoh salah satu rukun Islam berupa haji, meniscayakan umat Muslim memiliki semangat kapitalis. Untuk menunaikan ibadah haji dipersyaratkan dengan memiliki kecukupan modal (kapital). Kapitalisme yang merupakan anak kandung dari individualisme dikecam oleh Islam selama tidak memiliki kepedulian sosial terhadap sesama sebagaimana yang diusung oleh sistem ekonomi sosialis, semisal tidak ber-zakat. Sisi sistem ekonomi sosialisme berupa pemerataan kepemilikan kapital juga bernilai Islami. Namun demikian, kebersamaan dalam perekonomian sistem Islam, tidak berarti mengabaikan terhadap kuasa kepemilikan individu. Dengan demikian, kapitalisme dan sosialisme juga merupakan prinsip-prinsip universalisme Islam yang tak mungkin diingkari eksistensinya. Sistem ekonomi Islam berada di atas sistem kapitalis dan sosialis. Metode yang digunakan dalam penelitian ini adalah studi pustaka dengan menggunakan sumber-sumber yang otoritatif dari paradigma sistem ekonomi kapitalis, sosialis, maupun Islam. Sebagai ‘pisau analisa’ penulis menggunakan pendekatan hermeneutis untuk menarik ‘benang-merah’ kepemahaman terhadap teks yang dikaji yang dalam hal ini difokuskan pada kajian mazhab ekonomi dunia. =========================================== The Paradigm of Holistic Economy in Islam: A Comparative Study with Capitalism and Socialism.___________________________ This paper will prove that the mainstream of the developing economic system, namely capitalism and socialism is part of the Islamic system. The capitalist economic system in accordance with the spirit of Islamic economics, borrowing the example of one of the pillars of Islam in the form of Hajj, necessitates Muslims to have the spirit of the capitalist. To perform the pilgrimage is required by having capital adequacy (capital). Capitalism which is the child of individualism is condemned by Islam as long as it does not have social awareness towards others as promoted by the socialist economic system, such as zakat. The economic system of socialism in the form of equal distribution of capital ownership is also Islamic. However, togetherness in the Islamic system economy does not mean neglect of the power of individual ownership. Thus, capitalism and socialism are also the principles of Islamic universalism that cannot be denied existence. The Islamic economic system is above the capitalist and socialist system. The method used in this research is literature study by using authoritative sources from the paradigm of capitalist, socialist, and Islamic economic system. As a 'knife of analysis,' the author uses a hermeneutical approach to draw the 'red thread' of understanding on the texts studied which in this case focus on studying the world's economic school.

scholarly journals Paradigma Konsep Teori dan Praktek Baitul Maal Dalam Prespektif Sistem Ekonomi Islam

2020 ◽  
Vol 6 (2) ◽  
pp. 330
Author(s):  
Sumadi Sumadi ◽  
Muhammad Tho'in
Keyword(s):  
Qualitative Research ◽  
Organizational Structure ◽  
Economic System ◽  
Literature Study ◽  
State Revenue ◽  
History Of ◽  
Descriptive Approach ◽  
Islamic Economic ◽  
Special Duty

This study aims to rectify the understanding of the concept of baitul mal in the view of the Islamic economic system. This type of research is a qualitative research, and the short model in this study is a descriptive approach that uses the literature study method as the settlement methodology. With the object of a case study about straightening the concept of baitul mal in the view of the Islamic economic system. Baitul Mal comes from the Arabic bait which means house, and al-mal which means property. So etymologically (ma'na lughawi) Baitul Mal means a house to collect or store wealth (Dahlan, 1999). As for terminology (ma'na ishtilahi), as explained by Abdul Qadim Zallum (1983) in his book Al Amwaal Fi Daulah Al Khilafah, the Baitul Mal is an institution or party (Arabic: al jihat) which has a special duty to handle all the people's assets in the form of State revenue and expenditure. In the history of the Baitul Mal, especially with regard to the organizational structure and administration, the term Diwan is known. Diwan is a place where the authors / secretaries of the Baitul Mal are located and a place to store archives. The term Diwan is sometimes also used in the sense of the archives themselves, because there are indeed interrelations between the two meanings for this word Diwan. In summary, Diwan can mean the office of the Baitul Mal, or archive of the Baitul Mal.

Sistem Ekonomi Islam Simbol Kesejahteraan Masyarakat

2018 ◽  
Vol 6 (1) ◽  
pp. 49-64
Author(s):  
Muhammad Wildan ◽  
Muhammad Wildan
Keyword(s):  
Economic System ◽  
Strategic Plan ◽  
Thomas Kuhn ◽  
Economic Independence ◽  
The Core ◽  
Economic Paradigm ◽  
Islamic Economic

The term “economy” comes from Greek word “oikonomia” consisting of “oikos” which means household and “nomos” which means regulation. The word “oikonomia” can be defined as the applicable regulation to fulfill the needs in a household. Islamic economics aims to build the economic independence of society collectively, meanwhile conventional economics is still individualistic. In the amidst of globalization, the efforts of sharia economist in covering coventional economic flow are already good enough. System that is already ingrained in society cannot easily be changed. The good strategic plan is required in instilling Islamic economic system in the middle of society. Thomas Kuhn says: ”every system has paradigm and the core of Islamic economic paradigm is definitely from Qur’an and Sunnah”.

REVIVING ECONOMIC THOUGHT BY MANNAN PERPECTIVE

2020 ◽  
Vol 15 (2) ◽  
pp. 353-378
Author(s):  
Muhammad Majdy Amiruddin ◽  
Muhammad Ismail ◽  
Hasanuddin Hasim
Keyword(s):  
Adam Smith ◽  
Main Idea ◽  
Scientific Work ◽  
Economic Thought ◽  
Small Contribution ◽  
Literature Study ◽  
Goods And Services ◽  
Study Techniques ◽  
Islamic Economic ◽  
Modern Era

The reviving of modern economic theory is usually stated starting from the publication of Adam Smith's The Wealth of Natoins, in 1776, although other thinkers who first also gave no small contribution. The main idea put forward by Adam Smith is that competition between various suppliers of goods and buyers will produce the best possibilities in the distribution of goods and services because it will encourage everyoe to do the specialization and increase in capital so that it will produce more value with a permanent workforce. From the Islamic perspective, there are several names that commonly known such, Baqir, Umar Chapra, and Mannan. The purpose of this research is to explore the revival economic though by Abdul Mannan. This research adapts content analysis method, which is a researcher conducts a discussion of the contents of written or edition information in the mass media. The data analysis techniques of this scientific work use literature study techniques, comparative, induction, and deduction. The study began by collecting literature data from Muhammad Abdul Mannan's Concept of Thinking about the Development of Modern Era Islamic economics and Modern Era Islamic Economic concepts in general, (researchers only participated in the discussion). Then proceed with the interpretation that researchers try to understand Muhammad Abdul Mannan's thoughts about the Development of Islamic Economics in the Modern Era. The result of this reseacrh indicates that the revival of Islamic thought by determining basic economic functions that simply cover three functions, namely consumption, production and distribution. Those basics are rooted by Five basic principles rooted in Shariah for basic economic functions in the form of consumption functions are the principles of righteousness, cleanliness, moderation, benefit and morality

Prinsip Dasar Ekonomi Dan Bisnis Dalam Islam

AKADEMIKA ◽  
2015 ◽  
Vol 9 (1) ◽  
pp. 69-77
Author(s):  
Misbahul Khoir
Keyword(s):  
Economic Development ◽  
Economic System ◽  
Human Behavior ◽  
Business Performance ◽  
Positive Impact ◽  
Economic Life ◽  
Universal Values ◽  
The Government ◽  
Islamic Economic ◽  
And Behavior

In order for humans could reach the so-called falah (goodness), human behavior needs to be colored with the spirit and norms of Islamic economics reflected in its values. The principles and values of Islamic economics are considerably two inseparable things. The implementation of economic principles without being colored with values or values without being based on principles could keep people far away from their purpose, namely falah. The implementation of values not based on principles will tend to bring with it the normative economics, which would cause it trapped into injustice. While the implementation of values on the Islamic economic development is based on the five universal values, namely akidah (belief), 'adl (justice), nubuwwah (prophetic), khilafah (the government), and ma'ad (results). The five principles are used as the basis for building theories of Islamic economics. But strong and adequate theories not applied into a system will make the Islamic economics just as the study of science without giving positive impact on the economic life. Therefore, based on the five universal values, the three derivative principles should be built into the characteristics and the forerunner of the Islamic economic system. The Islamic economic system makes sure that there are no economic transactions that are contrary to the Shari'a. But business performance depends on the man behind the gun. For that reason, the economic actors within this framework could be held by non-Muslims. The Islamic economics could only be developed if the mindset and behavior of Muslims are already itqan (diligent) and ihsan (professional). It "may be" one of the secrets of the Prophet's statement, saying "Truly I was sent to perfect good character". Because good character could be an indicator of knowing good or bad behavior in determining both the success and the failure of business itself.

Comparative Study Of Islamic Economic Law And The Capitalist

2018 ◽  
Vol 16 (2) ◽  
pp. 104
Author(s):  
Tesa Mellina ◽  
Mohammad Ghozali
Keyword(s):  
Economic System ◽  
Capitalist System ◽  
Economic Problems ◽  
Economic Law ◽  
The Poor ◽  
Economic Practice ◽  
The World ◽  
Islamic Economic ◽  
Economic Injustice ◽  
Islamic Values

The implementation ofthe capitalist system has eliminated the Islamic values in economic practice. After the financial crisis hit the world, the capitalist system reaped many questions and its greatnessbegins to be doubted. The capitalist system implementationprecisely creates new problems in the economy. The concept of individualism which is the main key in capitalist practice only creates economic injustice and misery of the poor. The only economic theory that is expected as a light in dealing with economic problems is an economic system that is able to create justice,the welfare of all parties and blessings both the world and the hereafter. The theory is the Islamic economics which in practice is inseparable from Islamiceconomic law. Islamic economic law that underlies the Islamic economic system is totally different from the capitalist economic system.Keywords: Islamic Economic Law; Islamic economics; Capitalist Economy

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