Maulānā Maudūdī and the genesis of Islamic Economics

10.26414/a036 ◽  
2021 ◽  
Vol 8 (2) ◽  
pp. 597-622
Author(s):  
Arshad Zaman
Keyword(s):  
Twentieth Century ◽  
Economic System ◽  
Economic Thought ◽  
Islamic State ◽  
Islamic Perspective ◽  
Islamic Economic ◽  
The Right ◽  
A Minor

Maulānā Sayyid Abū’l-A‘lā Maudūdī (1903-1979) is credited with being the founder of Islamic Economics, and having developed the idea of an Islamic Economic System. This article investigates and finds little support for this claim. Moreover, it suggests that these claims not only strain the evidence available, but they also distort Maulānā Maudūdī’s thoughts, and add little either to his formidable stature as one of the most influential Muslim leaders of the twentieth century, or to the dignity of Islam. Instead, it proposes that Maulānā’s economic thought should be viewed as a minor if inextricable component of his social and political vision of a modern Islamic state. Or, as arrangements in law and government for the provision of livelihoods, akin to the German tradition of Polizeiwissenschaft in a Staatswissenschaft, but from the Islamic perspective of commanding the right and forbidding the wrong (especially, allowing wages, rents and profits, but not interest).

scholarly journals COMPARISON OF ISLAMIC ECONOMY AND CONVENTIONAL ECONOMY TO PEOPLE'S INCOME GROWTH IN REDUCING POVERTY AND UNEMPLOYMENT

2020 ◽  
Vol 1 (2) ◽  
pp. 259-274
Author(s):  
Tarmizi Tarmizi
Keyword(s):  
Economic System ◽  
Economic Systems ◽  
Economic Activities ◽  
Capitalist System ◽  
The People ◽  
Socialist Economic ◽  
Islamic Economic ◽  
Islamic Faith ◽  
The Right ◽  
Socialist Economic System

Islamic economic system is built on the foundation of the Islamic faith, the faith in question is the right because it comes from Allah brought to mankind through the prophet Muhammad. The Islamic faith is a faith that satisfies reason, reassures the soul, and is in accordance with human nature. In an individual context, economic activity is based on the values of worship. The economic system known by society globally is the capitalist and socialist economic system. In the economic context, both systems have been able to increase the prosperity of the people in the country that uses both economic systems. The capitalist system is influenced by the zeal to make the most of its profits with limited resources. This capitalist venture is supported by the values of freedom to make ends meet. This freedom resulted in high competition among others in defense, while the socialist economic system had the goal of mutual prosperity. In conclusion, the Islamic economic system is a solution economic system for various problems that have arisen, while the conventional economic system is an economic system that is widely used by various countries in the world, including Indonesia. A conventional economy is an economic system that gives full freedom to everyone to carry out economic activities.

scholarly journals Ekonomi Syariah Sebagai ‘Trend’ di Era Globalisasi

2016 ◽  
Vol 1 (2) ◽  
Author(s):  
Jefri Putri Nugraha
Keyword(s):  
Economic Development ◽  
Economic System ◽  
Economic Activity ◽  
Human Life ◽  
Economic Thought ◽  
Islamic Finance ◽  
Economic Problems ◽  
The World ◽  
Islamic Economic

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.

scholarly journals THEORIZING AND ROOTING IN THE JURISPRUDENCE OF MINORITIES IN ISLAMIC ECONOMIC THOUGHT

2021 ◽  
Vol 03 (03) ◽  
pp. 90-103
Author(s):  
Mahdi Ali ABDALLAH
Keyword(s):  
Economic Thought ◽  
The West ◽  
Muslim Countries ◽  
The World ◽  
Islamic Economic ◽  
The Right

This research deals with a juristic view of the Islamic economic insight on the existence of Muslims in the non-Muslim countries in the West and how to handle their problem of housing and providing them with houses through dealing with usurious banks. Moreover, it is about helping them to have a well-off living by creating an Islamic market or Muslim merchants. The morals, principles and thought of Islam can be introduced to the world of non-Muslims. So, the mechanism of creating the market and merchants has been tackled. Besides, the issue of when Muslim have the right to deal with such banks has also been addressed throughout making use of the rules of jurisprudence. May Allah help and guide us. That is why the research is titled (Theorizing and rooting in the jurisprudence of minorities in Islamic economic thought

scholarly journals MAZHAB PEMIKIRAN EKONOMI ISLAM KONTEMPORER

2019 ◽  
Vol 13 (1) ◽  
pp. 163-200
Author(s):  
Sofyan Sulaiman
Keyword(s):  
Economic System ◽  
Economic History ◽  
Financial System ◽  
Economic Thought ◽  
Academic Institutions ◽  
Personal Motivation ◽  
Economic Philosophy ◽  
Muslim Student ◽  
Islamic Economic

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.

scholarly journals PEMIKIRAN EKONOMI AL-MAUDUDI DALAM PERSPEKTIF POST-MODERNISM

2020 ◽  
Vol 22 (1) ◽  
Author(s):  
Ramadhan Razali ◽  
Sutan Febriansyah ◽  
Hilmi Hilmi
Keyword(s):  
Economic System ◽  
Qualitative Method ◽  
Secondary Data ◽  
Scientific Work ◽  
Economic Thought ◽  
Capitalist System ◽  
Post Modernism ◽  
Secondary Data Source ◽  
Data Source ◽  
Islamic Economic

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

scholarly journals اقتصادی معاملات میں ریاستی مداخلت کا اسلامی تصور: تحقیقی مطالعہ

ĪQĀN ◽  
2021 ◽  
Vol 3 (01) ◽  
pp. 77-96
Author(s):  
Maria Ashraf ◽  
Dr. Abdul Rouf Zahid
Keyword(s):  
Comparative Study ◽  
Economic System ◽  
Economic Structure ◽  
Point Of View ◽  
Basic Question ◽  
Islamic State ◽  
Economic Policies ◽  
Equal Opportunities ◽  
Islamic Economic ◽  
Descriptive Method

Islam is a Religion in line with nature. It introduced its own economic system that up to the man’s needs and requirements. It contradicts the communism and capitalism and claims that Islamic economic structure guarantees the welfare of humanity. In this setup, the buyers and sellers are free to make their deals and every person has the equal opportunities to be a wealthy and prosperous trader. Muslims had implemented this system in their golden era and showed the benefits of this setup to world The basic question has been raised either state has authority to interfere the economic deals, why state is interested to involve or what would be the limits of their involvement.  In this paper Descriptive Method and Comparative Study are used to study the concept of interference of state in economic matters. This research paper is an effort to understand the Islamic point of view that to what extent the Islamic State can interfere in economic policies, according to the Islamic injunction. In this article, it has been elaborated that the State has the legal and ethical right to intervene the economic matters when hoarding usury and gambling is rampant.

scholarly journals NILAI KEADILAN DALAM EKONOMI SYARIAH

2019 ◽  
Vol 13 (2) ◽  
pp. 355-382
Author(s):  
Syaakir Sofyan
Keyword(s):  
Economic System ◽  
Human Life ◽  
Economic Justice ◽  
Equal Treatment ◽  
Central Position ◽  
Economic Instruments ◽  
Right To Life ◽  
Islamic Economic ◽  
The Right ◽  
Broad Outline

Justice has a variety of meanings covering all aspects of human life, especially in the economic field. Justice occupies a central position in the Islamic economic system. With various meanings of fairness, in broad outline is a condition where all levels of society get equal treatment, equality of compensation, the right to life, and enjoy development without anyone feeling disadvantaged. Justice demand that resources be distributed equitably to all people through Islamic economic instruments. The concept of economic justice in Islam emphasizes equality of rights and avoids social imbalances caused by economic inequality. By creating economic justice for society it will present the concept of brotherhood. With a great commitment to brotherhood and justice, all resources which are sacred mandates are used to realize sharia maqashid.

scholarly journals Economic freedom between unbounded capitalism and Socialist denial and Islam's position on it – descriptive theoretical study: الحرية الاقتصادية بين الإطلاق الرأسمالي والنفي الاشتراكي وموقف الإسلام منها: دراسة نظرية وصفية

2021 ◽  
Vol 5 (4) ◽  
Author(s):  
Khalil Ahmed Marif
Keyword(s):  
Economic System ◽  
Economic Freedom ◽  
Planning System ◽  
Capitalist System ◽  
Socialist Economic ◽  
Pros And Cons ◽  
Islamic Economic ◽  
The Right ◽  
Legal Controls ◽  
Socialist Economic System

This research aims to highlight the role of the Islamic system in economic freedom and its success over the capitalist system, and a socialist in freedom. And between the pros and cons and the way of freedom in the mentioned systems. He emphasized that economic freedom in the capitalist system is absolute, there is no limit in it, but a little, while denying public ownership only an exception to the original, And the state's non-interference in economic and financial activities. And with the denial of economic freedom in the socialist economic system and direct and absolute interference of the state in all economic and financial activities through the central planning system, With the recognition of private ownership, an exception to the original. The research emphasized that economic freedom in the Islamic economic system is neither absolute nor denied, Rather, a compromise between the two sects recognizes economic freedom, but within a limited scope, Because it is disciplined by the legal controls that are valid for all societies. And on the research methodology: I used it in the research as a theoretical and descriptive study that shows freedom in the prevailing economic doctrines with an explanation of Islam’s position on its restricted freedom and the importance of legitimate controls valid for humanity. The results were obtained and the most important ones are Economic freedom in the capitalist economic system is absolute without any control, and Economic freedom is denied in the socialist economic system, therefore Many criticisms of the capitalist and socialist economic system appeared throughout their history as a result of some wrong ideas on which the Philosophy of the two doctrines, however The right to analyze and prohibit is not anyone's right but God alone, but the Economic freedom in the Islamic system is defined by Shari’a controls and constrained by restrictions that refer to the interests of the human community in general, though Islam’s mediation in economic freedom is between capitalist launch and socialist exile. One of the most important recommendations in this research Taking care of teaching Islamic economics in colleges and institutes, Commitment to economic freedom disciplined by Sharia controls, in order to eliminate corruption and bring human interests, and Following to this rule: every action is permissible unless there is evidence that it is prohibited.

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.

Sign in / Sign up

Export Citation Format

Share Document