scholarly journals Tawhid and Shariah Economics: Positioning Tauhid as Philosophical Foundation of Shariah Economics

2019 ◽  
Vol 4 (2) ◽  
pp. 145
Author(s):  
Nurul Hilmiyah ◽  
Bayu Taufiq Possumah ◽  
Muhammad Hakimi Mohd Shafiai
Keyword(s):  
Economic System ◽  
Human Life ◽  
Economic Science ◽  
Real Economy ◽  
Human Beings ◽  
General Equilibrium Theory ◽  
Mainstream Economic ◽  
Mainstream Economics ◽  
Islamic Economic ◽  
The Impact

Purposes: In the social sciences, economics is one of the most influential and prestigious disciplines. Mainstream economics typically view economic agent as amoral, entirely self-interested, unrealistic and has damaging effects. In the last few decades, while remaining a powerful discipline, economics has narrowed in scope. Consequently, to reinvigorate economics, especially in times of crisis or major institutional change, mainstream economics has almost lost a key reserve of alternative thinking. This study intends to investigate the contemporary mainstream economic system, does Islamic Economics taking advantage of the shortfall of the system outlined above based on Tawhidical approach?Design/Methodology/Approach: This paper using the descriptive qualitative method Findings: Modern economics is normative bias; does not explain actual economies but describes a "utopia" in which Pareto optimality applies. The excessive unrealistic assumption is the impact of the inconsistency of modern economic theory. The important aspects of human behavior ignored by this assumption as the theory of economic man. In addition, the general equilibrium theory of neoclassical is not compatible with an economy that develops over time. It relies too much on complex mathematical models without sufficient attention to whether this really illustrates the real economy and ignores the complexity of nature and human creativity. At the contrary, Islam cause to be present the Tawhidic based economics approaches can be focused towards seeing wholes of economics, rather than parts; seeing economics activities as worship, rather than competition; cultivating the solidarity (charity), rather than individualism and creating the justice, rather than injustice. Thus this paper designed to provide the concept of Islamic economic system with Tawhid as the basis, to fit the philosophy of economic science and reality of human life. The paper shows the position of Tawhid in the system and theory of economy.  It becomes a must to do to create prosperity and benefit for all mankind, with the aim to realign and comparing to the mainstream economic system and their theory.Originality/Value: This paper proposes the position of Tawhidic based economics approach in setting the economic system. The position of this foundation offers basic guidelines for the justice and fairly system, which is benefited to all human beings regardless of religions, races, and castes, and furthermore to the sustainable economic development and welfare for the ummah.

Psychology: Volume 1

2019 ◽  
Keyword(s):  
Positive Psychology ◽  
Human Life ◽  
Empirical Studies ◽  
Real Life ◽  
Human Beings ◽  
Cognitive Capability ◽  
Affective Processes ◽  
Abstract Level ◽  
The Impact ◽  
Cognition And Affect

This survey of research on psychology in five volumes is a part of a series undertaken by the ICSSR since 1969, which covers various disciplines under social science. Volume One of this survey, Cognitive and Affective Processes, discusses the developments in the study of cognitive and affective processes within the Indian context. It offers an up-to-date assessment of theoretical developments and empirical studies in the rapidly evolving fields of cognitive science, applied cognition, and positive psychology. It also analyses how pedagogy responds to a shift in the practices of knowing and learning. Additionally, drawing upon insights from related fields it proposes epithymetics–desire studies – as an upcoming field of research and the volume investigates the impact of evolving cognitive and affective processes in Indian research and real life contexts. The development of cognitive capability distinguishes human beings from other species and allows creation and use of complex verbal symbols, facilitates imagination and empowers to function at an abstract level. However, much of the vitality characterizing human life is owed to the diverse emotions and desires. This has made the study of cognition and affect as frontier areas of psychology. With this in view, this volume focuses on delineating cognitive scientific contributions, cognition in educational context, context, diverse applications of cognition, psychology of desire, and positive psychology. The five chapters comprising this volume have approached the scholarly developments in the fields of cognition and affect in innovative ways, and have addressed basic as well applied issues.

scholarly journals ANALISIS DAN EVALUASI IMPLEMENTASI PENGELOLAAN KEPEMILIKAN UMUM DAN NEGARA DI INDONESIA (PENDEKATAN MADZHAB HAMFARA)

2016 ◽  
Vol 5 (1) ◽  
Author(s):  
Siti Murtiyani ◽  
Hery Sasono ◽  
Dwi Condro Triono ◽  
Hanifah Zahra
Keyword(s):  
Economic System ◽  
State Ownership ◽  
Management Approach ◽  
Public Ownership ◽  
Unequal Distribution ◽  
The Public ◽  
Wealth Management ◽  
Theoretical Approaches ◽  
Islamic Economic ◽  
The Impact

This study aims to analyze and critically evaluate the implementation of the management of public ownership (Milkiyah 'ammah) and State ownership (Milkiyah Daulah) in Indonesia. This study descriptively describes the implementation of both ownerships that are currently practicing in Indonesia. Theoretical approaches used is the Islamic Economic System Madzhab Hamfara (Hadza Min fadzli Rabbi) who critically evaluate the implementation of the public wealth management and state wealth in Indonesia. This research used secondary data that was obtained from Madzhab Hamfara books, literature, journal and information relating to the Indonesian State assets management system. A comparative analysis was conducted to understand the difference between the public wealth management and state wealth management in Indonesia. Findings show that the management of both, public and state ownership are not in accordance to the ownership management approach of Madzhab Hamfara Islamic Economic System. The evidence suggests that both public and state ownership are not fully managed by the Government of Indonesia. The fact shows that public ownership in the form of water, fire and pastures are managed by individuals and institutions as well as foreign parties who have fund to privatize the public ownership. Consequently, it has the impact on unequal distribution of income that cause poverty in Indonesia. This research suggest that government should implement Islamic Economic System Madzhab Hamfara in managing public and state ownership in Indonesia. =========================================== Kajian ini bertujuan untuk menganalisis dan mengevaluasi secara kritis penerapan pengelolaan kepemilikan umum (Milkiyah 'Ammah) dan kepemilikan negara (Milkiyah Daulah) di Indonesia. Studi ini menjelaskan secara deskriptif tentang implementasi pengelolaan kedua kepemilikan tersebut yang sekarang dipraktikkan di Indonesia. Teori yang digunakan dalam penelitian ini adalah Sistem Ekonomi Islam Madzhab Hamfara (Hadza Min fadzli Rabbi) yang secara kritis mengevaluasi implementasi pengelolaan kepemilikan umum dan negara di Indonesia. Kajian ini menggunakan data sekunder yang berasal buku-buku madzhab Hamfara, literatur, artikel jurnal dan informasi lainnya yang terkait dengan pengelolaan aset di Indonesia. Analisis perbandingan juga dilakukan untuk memahami perbedaan pengelolaan kepemilikan umum dan kepemilikan negara. Hasil kajian menunjukkan bahwa pengelolaan kepemilikan, baik kepemilikan umum maupun negara di Indonesia, tidak dijalankan sesuai dengan sistem ekonomi Islam Madzhab Hamfara. Bukti-bukti menunjukkan bahwa pengelolaan kepemilikan publik dan negara tidak sepenuhnya dilakukan oleh negara. Fakta juga menunjukkan bahwa kepemilikan tersebut lebih banyak diserahkan kepada lembaga-lembaga privat bahkan lembaga-lembaga asing. Akibatnya, kesenjangan pendapatan yang menjadi pemicu kemiskinan terus terjadi. Kajian ini menyarankan agar pemerintah mengimplementasikan sistem ekonomi Islam Madzhab Hamfara dalam pengelolaan kepemilikan umum dan negara di Indonesia.

scholarly journals The crisis in economics – nature and ways to overcome it

2019 ◽  
Vol 89 (1) ◽  
pp. 24-37
Author(s):  
A. D. Nekipelov
Keyword(s):  
Economic Theory ◽  
Economic System ◽  
Economic Crisis ◽  
Economic Science ◽  
Mainstream Economic ◽  
Pure Science ◽  
Economic Problems ◽  
Neoclassical Economic Theory ◽  
Multiple Alternative ◽  
Alternative Approaches

Recent decades have witnessed an upsurge in multiple alternative approaches to unraveling major economic problems, together with the mainstream economic theory, which in this study has been considered an indicator of economic crisis. In this study, we attribute institutional stasis, as well as methodological heterogeneity of its two constituent sections, micro- and macroeconomics, to the primary drawbacks of neoclassical economic theory. Overcoming the crisis of economic science correlates with the creation of a general economic theory on the principles of “pure science,” with elucidated functions of various socioeconomic disciplines. If “pure economic theory” intends to form an intellectual layout of the economic system, then the “realistic sciences,” also including modern macroeconomics in this study, are tools for analyzing specific socioeconomic phenomena and processes. As people with consciousness and interests act in the society, this study postulates the existence of a certain zone of ambiguity, which cannot be entirely covered.

Analisis Akad Pembiayaan Murabahah di Bank Syariah Indonesia Cabang Pringsewu

2021 ◽  
Vol 4 (2) ◽  
pp. 300-310
Author(s):  
Sandi Irawan ◽  
Muhammad Iqbal Fasa ◽  
A. Kumedi Ja’far
Keyword(s):  
Economic System ◽  
Financial Institutions ◽  
Human Life ◽  
Science And Technology ◽  
Economic Fundamentals ◽  
Islamic Financial Institutions ◽  
Islamic Economic

Islam as ad-din contains comprehensive and perfect teachings. Islam regulates all aspects of human life, not only aspects of worship, but also aspects of muamalah, especially sharia economics. The Islamic economic system has developed along with the advancement of science and technology. One form of embodiment of the Islamic economic system is the establishment of Islamic financial institutions in the form of banks and non-banks. The role and position of Islamic financial institutions is considered very important, especially in the development of a people's economic system. This is because the priority of Islamic financial institutions is more focused on forming stronger economic fundamentals.

Application of Islamic Economic Principles to Indian Financial Sectors: Prospects and Challenges

2015 ◽  
Vol 1 (2) ◽  
pp. 37 ◽  
Author(s):  
Muhammed M. K. Shafi
Keyword(s):  
Economic System ◽  
Mutual Fund ◽  
Financial Services ◽  
Commercial Banking ◽  
Present System ◽  
Real Economy ◽  
Islamic Economic ◽  
Financial Company ◽  
Reserve Ratio ◽  
Regulatory Problems

Economic system is the integral part of every social system. Globalized economy introduces three types of economic systems which are private, public, and mixed ownership. Despite people take part of these three systems in major countries, the frequent fi nancial crunches and questioning of reliability on conventional fi nancial system, many countries try to bring an alternative fi nancial system that can consistently work on transparency and accountability in all economic spheres. Islamic economic system is solution of such thinking due to its success and safety operations in all practicing countries.In Gulf Cooperation Council countries, all Islamic banks are performing triumphantly which include 25 banks. Its products and services are based on profi t loss sharing mechanisms which adhere to the principles Islamic shariah. Mudaraba, Musharaka, and Murabaha are the main instruments which are usedmostly in all fi nancial sectors. The present system of commercial banking is based on minimization of risk and maximization of profit. On the contrary, Islamic fi nancing is performed as social fi nancial system so as it is highly attracted by non -Muslim customers also for them that stands as safe and connected to real economy. Even Islamic fi nance is at adolescence stage in its growth in India, its applicability is well subjected overall the Indian fi nancial services such as mutual fund, microfi nance, non-banking financial company (NBFC) based fi nancial system, and venture capital. The recent launching of Cheraman Financial Services Limited and some movements like SBI Shariah mutual funds elevate this study to introduce an alternative system to those people who suffocate in the knot of Interest. India has approximately 175 million Muslims, they are highly to be excluded from access to banking productsand services due to absence interest free fi nancial services.The gap is prevailing by the lack of mediatory functions such as Islamic financial sectors and other investment institutions. The present RBI regulations such as Repo rate, statutory liquidity ratio, and cash reserve ratio, constrain to practicing Islamic banking in India. However, excessive demand and working forms such as NBFC, Non-Government Organization, and Nidhi, show the ways to applying Islamic economic system in the Indian scenario too. So, the presentstudy focuses to fi nd out feasible models for implementing Islamic economic principles and its practical products and services in India.It is an attempt to analyze the prospects, challenges, and drawing solutions to regulatory problems. It also illustrates basic Islamic shariah principles, the Indian financial system with reference shariah based fi nancial services. To do research, exploratory method will be used and data will be collected on secondary basis.

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 Social Security of Human Beings and Islamic Economic System: An Analysis

rahatulquloob ◽  
2020 ◽  
pp. 78-87
Author(s):  
Dr Karim Dad ◽  
Dr. Janas Khan ◽  
Dr. Muhammad Imran
Keyword(s):  
Social Security ◽  
Economic System ◽  
Complete Solution ◽  
Basic Needs ◽  
The State ◽  
Human Beings ◽  
Fixed Amount ◽  
The People ◽  
Gold Silver ◽  
Islamic Economic

This research paper is an investigation of providence of social security to human beings by Islam, also deals with support and security of Islamic economic system for human beings. Islam provides a complete solution to the problems faced by human beings in day to day life. In Islamic society, each and every person will get their basic needs. The one who is disable  or having illness (physical or mental), will be getting its basic needs. The second Caliph, Hazrat Umar (RA) saw an old Jew beggar, who was begging in the market, he called upon him and issued a monthly stipend. Hazrat Umar (RA) knew the responsibility of the state to provide him basic needs, further He state that the beggar had already paid to the state when he was young. Although, it is the duty of the state to ensure the basic needs of the people/citizen of state. Islam, also, encourages the individuals of the society to play their roles for the sustainability of equal system. The Quranic verses stresses on the responsibility of individual and state. The present world meet the misery of the people in nineteenth century while Islam had given born right to every human being, fourteen centuries ago. Islam has a fixed amount (specific amount of gold, silver, cattle and cash) of Zakat which has to be paid by the rich people to the state. In addition, the state will provide Zakat to the deprived people of the society.

scholarly journals MANAJEMEN SDM DALAM PRESPEKTIF EKONOMI ISLAM : TINJAUAN MANAJEMEN SDM DALAM INDUSTRI BISNIS

2016 ◽  
Vol 2 (2) ◽  
pp. 239
Author(s):  
Teguh Suripto
Keyword(s):  
Economic System ◽  
Human Life ◽  
Human Resources Management ◽  
Training And Development ◽  
Spiritual Needs ◽  
Key Word ◽  
Human Ethics ◽  
Effectiveness And Efficiency ◽  
Islamic Economic ◽  
Economic Outlook

Abstract Management is one branch of economics that plays an important role in the successful management of an organization or company. Implementation of the company's management can improve the effectiveness and efficiency of resource companies or organizations so as to achieve the goal or vision of a better company. Islam is one religion the religion professed by the majority of the Indonesian population, have given color to every aspect of life of its adherents. Started in terms of religious, political, social and economic. Conventional economic outlook puts worldliness course, has not looked at his spiritual needs. So that employees only be the object of the company and not be subject to the company. With the implementation of the Human Resources Management Islam, the employee will be subject to the company so that they are able to participate actively for the betterment of the company. Islamic economic system in implementing human resource management, based on the harmony or balance between the need to do material and human ethics. Islamic Economic System not forget the main features of human progress, which is dependent on the extent to which the smooth coordination and harmony between the moral and material aspects of human life. Key word : Management SDM, Islamic Economic, Recruitment, Selection, training and development

scholarly journals Peter Wilkin. The Political Economy of Global Communication: An Introduction. London: Pluto Press, 2001. vi + 163 pages. Paperback. ,14.99.

2002 ◽  
Vol 41 (2) ◽  
pp. 199-201
Author(s):  
Mir Annice Mahmood
Keyword(s):  
Political Economy ◽  
International Political Economy ◽  
Human Life ◽  
Human Security ◽  
Maximum Level ◽  
Well Being ◽  
Human Beings ◽  
Global Communications ◽  
Key Indicators ◽  
The Impact

The author of this book has enriched international political economy by introducing a new aspect, namely, the impact of the steadily advancing global communications industry on economies and societies and, more specifically, on human security. The latter is a broad-based concept developed by the UNDP to reflect, through certain key indicators, human well-being. This consists of a very strong element of social justice in which human beings can satisfy their needs by organising the appropriate political, economic, and cultural institutions within a framework that provides the maximum level of participation and autonomy. For the latter to be achieved, it is essential that people have the means to decide what they wish to do in life and then can translate these wishes into actuality. As the author quotes Streeten, human security is “a broad approach to improving human well-being that would cover all aspects of human life, for all people, in both high-income and developing countries, both now and in the future” (p. 5).

scholarly journals Education Toward Values

ICR Journal ◽  
2011 ◽  
Vol 2 (3) ◽  
pp. 465-481
Author(s):  
Sobhi Rayan
Keyword(s):  
Educational System ◽  
Human Life ◽  
Value Systems ◽  
Human Beings ◽  
The Impact

This article deals with different value systems from the perspective of their source, nature, and implementation, and with the link between education and values. The achievement of values is considered to be of the highest importance in human life. Ethical doctrines vary about the source of values - whether they are derived from human beings or received from external authority. This dispute about the nature of values creates different views concerning the education of values, about the role of the educational system in the acquisition of values, and about the impact of values on pupils, both theoretical and practical.

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