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

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 PEDAGOGIK EKONOMI SYARIAH DALAM ISLAM

2021 ◽  
Vol 2 (2) ◽  
pp. 100
Author(s):  
Maryati Mallongi
Keyword(s):  
Economic System ◽  
Islamic Law ◽  
Basic Needs ◽  
Prototype System ◽  
Economic Problems ◽  
Distribution Of Wealth ◽  
Main Challenge ◽  
Islamic Religion ◽  
Islamic Economic ◽  
Islamic Values

Islamic economics pedagogically is a system of knowledge that studies economic problems. The implementation of this system applies Islamic law. As a prototype system that has its own characteristics, Islamic economics is applied based on the Qur'an, As-Sunnah, Ijtima', and Ijtihad/Qiyas. Its implementation is carried out following the principles; (1) Tawhid and Brotherhood, (2) Work and Productivity; and (3) Fair Distribution of Wealth. The objective of sharia economics is to meet the basic needs of mankind based on Islamic values. Islamic economics is not only a practical system, but also a pedagogical system of knowledge that contributes to knowledge and enlightenment of the economic system. The main challenge of the Islamic economic system lies in its epistemological and terminological problems which are still interpreted as mere normative doctrines of the Islamic religion. The Islamic economic system in today's contemporary era must be able to interpret its existence as a science that becomes a humanist alternative for the inequalities of the failed global economic system and is able to establish the system as a pedagogic.

RELEVANSI PRINSIP EKONOMI ISLAM DALAM PEMBINAAN UMAT ISLAM

2021 ◽  
Vol 5 (1) ◽  
pp. 107-120
Author(s):  
Reni Ria Armayani Hasibuan
Keyword(s):  
Natural Resources ◽  
Economic System ◽  
Developed Countries ◽  
Economic Decline ◽  
Capitalist System ◽  
The Poor ◽  
Islamic Economic ◽  
The Developed Countries

Indonesia is one of the developed countries with abundant natural wealth, because these abundant natural resources make Indonesia a country that can be relied on. However, in reality there are still many people who belong to the poor, who live in poverty. This becomes a big question, why does this happen? What's wrong with the economic system? departing from this, this article takes a decision taken from an economic system that is still wrong, namely using a capitalist system, so that a deeper study is needed to study the Islamic economic system as a solution to create prosperity for society. This article also affirms that Islamic Economics is dynamic, and not compartmentalized, in the sense that Islamic Economics provides blessings for all levels of society. This is because Islamic Economics makes Al Quran and As Sunnah as the basis of its implementation, coupled with ijtihad and the increasing thinking of experts in the field of Islamic economics that Islamic Economics is the best solution as a way out of poverty and economic decline.

scholarly journals TANTANGAN EKONOMI SYARIAH DALAM MENGHADAPI MASA DEPAN INDONESIA DI ERA GLOBALISASI

2011 ◽  
Vol 11 (Edsus) ◽  
Author(s):  
Anis Mashdurohatun
Keyword(s):  
Economic System ◽  
Economic Globalization ◽  
The State ◽  
Islamic State ◽  
Capitalist System ◽  
Muslim Population ◽  
The World ◽  
Islamic Economic ◽  
Economics And Politics

In essence, globalization is the best means for Muslims to introduce the culture and the teachings of Islam to all corners of the world. Islamic economic challenges including the State that in fact many Muslim population tends to use the capitalist system; In economics and politics in view of the Islamic State is not strong so it is difficult to prove that the Islamic Economic System is superior to the capitalist and socialist, and Among the experts was still disagreement on the definition Islamic Economic System. Islamic Economy Facing Future In Indonesia in the Era of Globalization needs to consider several factors, namely Mastery Technologies, Sharia-based SME Development, Keeping the Sharia Economic Excellence, namely Islamic economic system, and also the prohibition of usury.Keywords:  islamic economic, globalization, capitalism

scholarly journals PARADIGMA FILSAFAT EKONOMI SYARIAH SEBAGAI SUATU SOLUSI KEHIDUPAN MANUSIA

2018 ◽  
Vol 16 (2) ◽  
pp. 135-146
Author(s):  
Mohammad Ghozali ◽  
Tryas Titi Sari
Keyword(s):  
Economic System ◽  
Well Being ◽  
Human Beings ◽  
Capitalist System ◽  
Existing Problems ◽  
Philosophy Of Economics ◽  
The World ◽  
Economic Philosophy ◽  
Islamic Economic ◽  
The Right

The philosophy of Economics Sharia or Islamic real economics have appeared since the existence of the religion of Islam, i.e. Since the days of the Prophet. His goal was to bring humans to the world and the hereafter fallah and putting human beings as the Caliph was given a treasure by God to take advantage of what is on Earth with his best. A Socialist or a capitalist system is not able to answer the problem humans with leaves many problems of life, with evidence that the system is not able to give welfare to humanity as a whole even just for some particular people only. This factor becomes one evidence that economy more Islamic have the right concept and can provide overall well-being to mankind. It can be seen from the deployment of Islamic economic system since the days of the Prophet, which has provided a good impact to the society that existed at the time. And when the system is taken down to the next generation, in fact it can be applied with good and provide solutions for existing problems. Thus Islamic economic philosophy is holding an important role in the development of the economy of humans for the sake of reaching fallah is expected.

scholarly journals PENDEKATAN EKONOMI SYARIAH DALAM MENYELESAIKAN MASALAH EKONOMI AKIBAT PANDEMI COVID-19

2020 ◽  
Vol 6 (1) ◽  
pp. 17-34
Author(s):  
Nurhidayat Nurhidayat
Keyword(s):  
Problem Solving ◽  
Economic System ◽  
Disease Outbreaks ◽  
Economic Approach ◽  
Complicated Problem ◽  
Economic Problems ◽  
Natural Factors ◽  
Corona Virus ◽  
The World ◽  
Islamic Economic

Every disaster caused by a variety of natural factors such as earthquakes, floods, eruptions and disease outbreaks, always have an impact on the emergence of various economic problems. Scarcity of goods, inflation and the emergence of bad behavior of hoarding goods. These three economic problems always arise, and become a complicated problem in the economic system. The emergence of the corona virus that has swept parts of the world and Indonesia has raised these three economic problems. This study aims to provide an overview and analyze how sharia economic approaches in answering economic problems due to the co-19 pandemic. Through this Islamic economic approach, can the three economic problems be overcome. The main problem answered in this study is whether the Islamic economic approach is able to provide solutions to economic problems due to co-19. How is the Islamic economic solution in responding to economic problems as a result of co-19. This study concludes that conceptual sharia economics is indeed a solution to economic problems due to co-19. Because the sharia economics approach is conceptualized and has an orientation as a problem solving of various economic problems that can arise at any time and in any world.

Economic Justice in the Light of the Prophet’s Biography

2021 ◽  
Vol 21 (2) ◽  
Author(s):  
Dr. Kausar Arshad ◽  
Dr Muhammad Ismail
Keyword(s):  
Economic System ◽  
Social Values ◽  
Economic Justice ◽  
Economic Values ◽  
The Poor ◽  
The Social ◽  
The World ◽  
Research Plan ◽  
The Rich ◽  
Economic Injustice

Economic injustice is a major cause of social troubles in most of the countries of the world and Pakistan is no exception. The rich in Pakistan are becoming richer and the poor are becoming poorer. We need to look for a solution. Fortunately, our Islamic teachings are best suited to provide a solution through the study of teachings of the Prophet (SAW), his companions and the religious jurists. Economic injustice has increased poverty and the health of the nation especially of poor classes is deteriorating. The social values are becoming weak and even crimes like theft, fraud and looting are becoming common because of unemployment. The income of people is decreasing due to covid'19 and people are forced to become selfish. There is a great need to bring economic justice in Pakistan through the study of Seerah e Nabvi (SAW). Our Prophet (SAW) was able to build an equitable economic system under his own leadership. In his days people were benevolent and they rejected oppression and aggression. We should be able to know the methods which he adopted to bring reforms in the economic field in the state of Madinah. This study includes an introduction, its importance, the research plan and methods, the concept of economic justice and cultivating economic values in the Muslim society.

scholarly journals ALTERNATIF SISTEM EKONOMI ISLAM UNTUK INDONESIA YANG LEBIH SEJAHTERA

2017 ◽  
Vol 1 (02) ◽  
Author(s):  
Dian Indah Cahyani ◽  
Sumadi Sumadi
Keyword(s):  
Economic Development ◽  
Economic System ◽  
World Order ◽  
Economic Problems ◽  
Free Competition ◽  
The Poor ◽  
The World ◽  
The Rich ◽  
Economic Function ◽  
Group Family

Economic development in a country or bangasa is the main foundation in order to realize the welfare of society. The economy of a country strong then, the country will be stronger. To this end, the trend of capitalism that has spread throughout the world led to the shifting economic world order. Understand the rich get richer, the poor poorer, unwittingly been entrenched in every society the world. Free competition, monopoly, is a product of capitalism that has a lot of miserable people in the country of Indonesia is no exception. Pancasila Economic System is an economic system that is excavated and built from the values espoused in Indonesian societyEconomics is the knowledge of the events and feelings associated with human efforts as individuals (private), group (family of nations, organizations) in meeting the needs are endless. The economic function is to develop capabilities in the event of economic, analyzing and assessing the economic problems, whether they are individual, society and the national character.Keywords: alternative, the economic system of Islam, prosperous 

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 Sistem Ekonomi (Islam) dan Pelarangan Riba dalam Perspektif Historis

2018 ◽  
Vol 4 (01) ◽  
pp. 1
Author(s):  
Risanda Alirastra Budiantoro ◽  
Riesanda Najmi Sasmita ◽  
Tika Widiastuti
Keyword(s):  
Economic System ◽  
Economic Activity ◽  
Historical Perspective ◽  
Public Life ◽  
Economic Activities ◽  
Economic Problems ◽  
Islamic Thought ◽  
Islamic Economic ◽  
Islamic Civilization

Allah has given the guidance in the form of Islam for Muslim to take and lead all the aspects of life including the economic activity. The Islamic economic system is believed to be the answer of the economic problems that exist at this time. The goal is to achieve falah in kaffah by not doing some economic activities that are in violation as prescribed by Islam. For example is riba. Discourse on riba can be said "classical" both in the development of Islamic thought and in Islamic civilization because riba often occurs in all aspects of public life, especially economic transactions (in Islam called muamalah). Riba is an additional retrieval, either in a sale and purchase transaction or lending in a false or contrary to the principle of muamalah in Islam. Prohibition of riba is obtained from various sources by the Qur'an and Hadith Rasulullah SAW, so the scholars firmly and clearly defined the prohibition of riba because there are exploitative elements that can harm the others. So, this study is aimed to identif yIslamic economic system and the prohibition of riba in historical perspective. From the results of this study is expected to be a good reference for the reader to understand the Islamic economic system and riba in the future.Saran sitasi: Budiantoro, R., Sasmita, R., & Widiastuti, T. (2018). Sistem Ekonomi (Islam) dan Pelarangan Riba dalam Perspektif Historis. Jurnal Ilmiah Ekonomi Islam, 4(01), 1-13. doi: http://dx.doi.org/10.29040/jiei.v4i1.138

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