scholarly journals EKONOMI ISLAM DAN KAPITALISME (Merunut Benih Kapitalisme dalam Ekonomi Islam)

2016 ◽  
Vol 7 (1) ◽  
pp. 27
Author(s):  
Choirul Huda

A discussion of the modern economic system, usually refers to two major systems, namely capitalism based on the capital markets (capital) and guided socialism which tried to solve problems of production, consumption and distribution through the chain of command. In addition to these two major systems, also known as the Islamic economic system, which refers to the economic practice of the Prophet Muhammad, peace be upon him. Islamic economic system is an alternative to the fundamental problems of the two major systems that already exist. However, when referring to the conditions of the birth of Islam in the midst of Arab society steeped in culture trade, alleged the influence of the capitalist culture of the economic system of Islam, so Islam is perceived closer to capitalism than socialism. Through the study of literary conclusion that Islam and capitalists are the two things affect each other. Sociologically, Islam is present in a capitalist society that both have an attachment. Capitalism, especially trade capitalism existed before Islam came. Before the birth of Islam, Mecca has become the center of international trade and finance. The Prophet Muhammad himself was a merchant before it became a prophet. Thus, capitalism is an ideology or a system that comes from the outside and into the schools of economic thought incoming and economic influence of Islam, although Islam also influence and correct the economic life or Capitalism applicable. Therefore Islam and capitalism are two forces that interact and influence.<p class="MsoNormal" style="margin-bottom: 5.0pt; text-align: justify;"><em><span style="font-size: 13.0pt; font-family: 'Garamond',serif; mso-bidi-font-family: 'Times New Roman'; mso-bidi-theme-font: major-bidi;">A discussion of the modern economic system, usually refers to two major systems, namely capitalism based on the capital markets (capital) and guided socialism which tried to solve problems of production, consumption and distribution through the chain of command. In addition to these two major systems, also known as the Islamic economic system, which refers to the economic practice of the Prophet Muhammad, peace be upon him. Islamic economic system is an alternative to the fundamental problems of the two major systems that already exist. However, when referring to the conditions of the birth of Islam in the midst of Arab society steeped in culture trade, alleged the influence of the capitalist culture of the economic system of Islam, so Islam is perceived closer to capitalism than socialism. Through the study of literary conclusion that Islam and capitalists are the two things affect each other. Sociologically, Islam is present in a capitalist society that both have an attachment. Capitalism, especially trade capitalism existed before Islam came. Before the birth of Islam, Mecca has become the center of international trade and finance. The Prophet Muhammad himself was a merchant before it became a prophet. Thus, capitalism is an ideology or a system that comes from the outside and into the schools of economic thought incoming and economic influence of Islam, although Islam also influence and correct the economic life or Capitalism applicable. Therefore Islam and capitalism are two forces that interact and influence.</span></em></p>

AKADEMIKA ◽  
2015 ◽  
Vol 9 (1) ◽  
pp. 69-77
Author(s):  
Misbahul Khoir

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.


2018 ◽  
Vol 16 (2) ◽  
pp. 104
Author(s):  
Tesa Mellina ◽  
Mohammad Ghozali

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


This journal presents the challenges faced by maritime merchants operating in the North Atlantic in the early modern period, and examines the opportunities, aspirations, and methods utilised in the pursuit of profitable trade. The journal collects nine essays and a reflective conclusion, which cumulatively explore the major themes of trade within empires; growth of trade; new initiatives within trade empires; government initiatives in relation to maritime mercantile trade; merchant migration; and changes in international trade. The journal attempts to provide scholarly insight and perspectives into early modern economic life, through the maritime mercantile activities of various European and North American nations.


2016 ◽  
Vol 1 (2) ◽  
Author(s):  
Jefri Putri Nugraha

Islam is a universal religion that regulates all dimensions of human life both; the world and the hereafter. Islam has also arranged economic problems since Islam was revealed through the Prophet Muhammad. Al-Quran and al-Hadith as the main reference of sharia economic thought. Islamic finance has become an economic system that was born along with the birth of Islam, but only this decade Islamic economic system become trending topic of discussion. Considering followers conventional notions began to look at the economic system of Syariah. In the era of globalization, there are a tendency in economic development for more attention to ethics in economic activity. This paper aims to explore in depth discussion on the trend of global economic and its development at the same time, reveals the opportunities and challenges in the economic development of sharia in the context of global economic development era.


2019 ◽  
Vol 13 (1) ◽  
pp. 163-200
Author(s):  
Sofyan Sulaiman

Since the 1970s, studies of the Islamic economy have developed rapidly. Various topics around Islamic economics are discussed, ranging from Islamic economic philosophy, Islamic economic system, Islamic criticism of conventional economics, Islamic economic history and thought, to the Islamic financial system. There are several factors that encourage the development of Islamic economic scholarship, some of them are: personal motivation to promote Islamic economics, sponsorship from academic and non-academic institutions as well as organizations, Muslim societies, Muslim student associations, and also the dedication of publishers. As time goes by, Islamic economics bears many figures with various Islamic economic schools. According to the writer's findings there are at least five schools of contemporary Islamic economic thought, they are (1) Baqir al-Sadr, (2) Mainstream, (3) Alternatives, (4) Hamfara, and (5) Murabitun.


2020 ◽  
Vol 22 (1) ◽  
Author(s):  
Ramadhan Razali ◽  
Sutan Febriansyah ◽  
Hilmi Hilmi

Abstract: Post-modernism is one method of counter-backing the moderanism. The counter back is doing by reconstruction the disable made by the part of moderanisme. Then what about the Islamic economy which it’s the existence is considered to bring down capitalism? The objective of this research is to identify the main points of Abu 'Ala Al-Mawdudi's thought about Islamic economics and his counter-back conducted by Al-Mawdudi to capitaslim economy. The research method that the writer uses is descriptive qualitative method by reviewing Al-Maududi's books plus secondary data source taken from good scientific work in the form of journal etc. The results of this study indicate that modern Islamic economic thought is not escaped from the thought of Al-Mawdudi, Al-Mawdudi's desire to undermine the capitalist system is very relevant to the suffering of economic societies who want justice in the economy. The elimination of usury, speculation and other unfair instruments is the main objective of Islamic economics. With the emergence of an economic system based on the foundations of Islam will cultivate and develop a better economic system. Islamic economics will answer all the "complaints" of the international community in the economy. Keywords : Al-Maududi, Post Moderanism, Islamic Economics, and Capitalism


2016 ◽  
Vol 8 (1) ◽  
Author(s):  
Elly Masykuroh

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.


2021 ◽  
Author(s):  
Sami Al-Daghistani

Interrogating the development and conceptual framework of economic thought in the Islamic tradition pertaining to ethical, philosophical, and theological ideas, this book provides a critique of modern Islamic economics as a hybrid economic system. From the outset, Sami Al-Daghistani is concerned with the polyvalent methodology of studying the phenomenon of Islamic economic thought as a human science in that it nurtures a complex plentitude of meanings and interpretations associated with the moral self. By studying legal scholars, theologians, and Sufis in the classical period, Al-Daghistani looks at economic thought in the context of Sharī'a's moral law. Alongside critiquing modern developments of Islamic economics, he puts forward an idea for a plural epistemology of Islam's moral economy, which advocates for a multifaceted hermeneutical reading of the subject in light of a moral law, embedded in a particular cosmology of human relationality, metaphysical intelligibility, and economic subjectivity.


2018 ◽  
Vol 2 (2) ◽  
pp. 193-205
Author(s):  
Ahmad Ubaidillah

Science, including Islamic economics, is a systematic knowledge acquired in certain ways agreed upon by scientists. Certain ways to acquire such schematic knowledge are called methodologies. Science is obtained through investigation or investigation. But not every investigation can be called a legitimate and recognized way to gain the knowledge. Science has certain ways or processes called research. Thus, the methodology is in fact the ways or scientific research techniques. The technique here means ways of conducting an investigation and assessing the findings or evidences, ie judging whether the finds are true or false. After seeing how important the methodology is in building a discipline, especially the discipline of Islamic economics, this paper will try to answer the question: how is the methodology offered by Monzer Kahf to build Islamic economics? The research method used in this research concerns types, approaches, sources and data types, data collection techniques, data analysis techniques. The type of this research is library research, namely research conducted by taking and collecting data from the literature related to the issues discussed. Sources of research data obtained are from the existing literature, by collecting primary and secondary data. Primary data in this study refers to the books and other research journals by Monzer Kahf. The secondary data in this research is obtained from books, magazines, journals, articles, and so forth, written by other writer. Analytical technique used is descriptive-analytical analysis method. The results show that the task of describing the Islamic economic system consists of two parts. First, Islamic economists have to find the theory of the components of the economic system and its internal relations. Second, they are to investigate the economic validity and power of the system. Essentially, the approach used to find the Islamic economic system is similar to the approach used to find the general theories and rules of fiqh. Economics as one of the social sciences needs to develop a path to history to explore its experiences and determine the direction of long-term economic life. Islamic economists must revise conventional economic theory to recognize and separate biased postulates. In other words, refining theories is full of the dogmatic, doctrinal, and moral views of the experts and the environment.


2020 ◽  
Vol 2 (1) ◽  
pp. 29-46
Author(s):  
Moh Agus Sifa'

Market Mechanisms in the development of the Economy there have been many innovations carried out by modern economic figures. In this case the market mechanism that develops a lot is the difference between the modern mechanism with the mechanism of Islamic economic thought, where Islamic economic thinkers first introduced the market mechanism especially by Islamic economic thinker Abu Yusuf, recorded as the earliest scholars who began to allude to the market mechanism. In terms of market mechanism Abu Yusuf gives a different view to public opinion, where high prices do not mean there is scarcity of goods and cheap prices do not mean abundant goods, but there are other variables that determine price formation. Abu Yusuf also opposed the authorities in setting prices. But he also allows price intervention in the market in certain circumstances. Abu Yusuf said that the price level does not only depend on demand but also on the strength of supply. Therefore, an increase or decrease in the price level does not necessarily have to be related to an increase or decrease in production alone. Keywords: Market mechanism, Abu Yusuf Economic Thought


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