scholarly journals THE ISLAMIC ECONOMICS PHILOSOPHY AND APPLICATION REALITY IN THE EXISTING ISLAMIC ECONOMIC ACTIVITIES IN THE WORLD

Author(s):  
Abul Bashar Bhuiyan ◽  
Abdul Ghafar Ismail ◽  
Abd Halim Mohd Noor ◽  
Mohammad Solaiman ◽  
Md. Jafor Ali

Islam offers the complete code of human life. It is applicable in every sphere of life, whether business, service or any other occupations. Islamic Economic philosophy simply expounds or refers to philosophical activity within the Islamic paradigm. The main direction of Islamic philosophy provides a complete way of life based on al-Adl and al-Ihsan. The discussion on Islamic economic philosophy issues had started earlier and flourished when Muslim scholars dominated the world scientific development tradition. However, the economic issues are mainly solved by different branches and schools of economics thoughts. Therefore, this paper has an attempt look into the philosophical issues in the area Islamic economics and its comprehensive application in the existing economyall over the world. It is a purely descriptive presentation on the issues of Islamic economic philosophy. The study findings revealed that Islamic economic has a strong philosophical foundation where socioeconomic development can be done based on al-Adl and al-Ihsan. The study also concluded that al-Adl and al-Ihsan would be establish while economic life is directed by not only material motives but also consent of Allah and craving for happy eternal life in the hereafter.

Author(s):  
Hendrianto Hendrianto ◽  
Juhaya S. Praja ◽  
Nurrahman

This study aims to reveal the relationship between Islamic philosophy and Islamic economic philosophy, both in terms of foundation, operation, and objectives. This library research (Library Research) uses documentation data collection techniques with data analysis, namely content analysis. The results showed that the relationship between sharia philosophy and sharia economic philosophy is that there is a philosophical foundation based on al-qur'am, hadith, ijma 'and qiyas, as well as operational principles, observations are made, take generalization conclusions and serve as theory, while the goal is both want to get happiness in the world and the hereafter, but what distinguishes the two lies in the broader study of sharia philosophy and complexity, while Islamic economic philosophy specializes in sharia economic studies. But for sharia economic philosophy discusses tauhid, caliphate, tazkiyah, and masuliyya. Operational principles, observing, drawing conclusions and making theory. The goal of obtaining falah, namely survival, freedom of desire, and strength and honor.


2018 ◽  
Vol 7 (2) ◽  
pp. 128
Author(s):  
Teguh Suripto ◽  
Abdullah Salam

<p>In recent years, we have heard and seen many economic activities based on Islamic law or Sharia law. These activities are related to the production process in the service industry. So it appears Sharia Business Unit (UUS), such as Islamic Banking, Sharia Insurance, Sharia Pawnshops, Sharia Leasing, even up to syariah tourism. This is certainly very reasonable, because the rationality and social level of human life undergo many changes, from the level of social and economic life that has freedom, to a new economic level that requires religious values. The Islamic economic system has different characteristics from conventional economics. Islamic economics is a fair and thorough system and seeks to ensure that wealth is not collected only to one group, but spread throughout society. (Afzalur Rahman, 1996: 11). One of Sharia financial institutions that can apply the sharia principles is Sharia Insurance. This research will try to analyze the principles of sharia in insurance, using qualitative descriptive method that is describing the object of research by using literature study that comes from the relevant book or journal. The result of the research shows that there are 8 principles in Takaful Insurance which become the guideline of implementation, that is Tawheed (Ketaqwaan), Justice, Not Dzalim, At Tawaun (please help), Amanah, Ridha, Khitmah (good service), and free from gharar element, maisir, and usury. In practice many sharia entities have been implementing sharia principles well although there are still some shortcomings in Takaful insurance, for example in research that has been done by Erza Armas hardi, 2015 obtained the result that Takaful insurance has not touched the bottom of society group (grass root).</p><p>Keywords :  Sharia Insurance, Sharia Principles, Sharia Entity, Tabarru</p>


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.


2018 ◽  
Author(s):  
Jurnal ARISTO

This is the result of research that aims to explain the legal and political civilization civilized in Isla philosophical perspective. With literature study method and the philosophical approach of the data collected, verified and analyzed. The results showed that as the core of the Islamic civilization which can affect all aspects of human life and therefore civilization should become a legal political concept in accordance with Islamic values that have alignments to the virtues of the world of human life and the hereafter. Political law as a legal way to achieve legal establishment have made many disalahgunkan for maneuvering behind the legality of the law. The necessity to fix the legal politics only interest-oriented materialistic secular with Islamic philosophy, as with the values of Islam that comes from God as the highest authority over all can be transformed into a real life human being, so that the safety and happiness of the world and the hereafter can achieved.


2021 ◽  
Vol 9 (10) ◽  
pp. 48-63
Author(s):  
DILEK TEKER ◽  
E. Asena Deniz

COVID-19, which occurred in Wuhan, China at the end of December 2019 and have affected the whole world, appears to have drastic effects on human health and economic stability. Economic activities related to global trade decreased with the spread of the epidemic and caused crisis both economically and financially. This virus, which is also a health crisis, has affected human life greatly due to uncertainty in the protection and treatment processes. Increasing numbers of cases and deaths negatively affect the economic progress globally and show that countries with intense epidemic are vulnerable. Not knowing how long the pandemic will last and how long economic activities will be restricted requires an economic precaution. If the pandemic is brought under control quickly, the return to normal economic life will happen quickly and thus all economic sectors, especially service sectors, will recover in a short time. If the process of controlling the pandemic is long, the destruction on economic growth and employment will be at higher levels. With the vaccine found, it is predicted that the normalization process will accelerate and the economy may recover. Increased studies examining the impact of the COVID-19 pandemic on financial markets and commodity markets will make it easier for both economists and financial actors in the future.  In this study, the relationship between the daily number of cases of COVID-19 and brent oil, gold, EUR / USD and wheat prices were examined. After the natural logarithm of our variables was applied, it was determined whether they were static or not. ARDL test, Impact-Response Analysis and Variance Decomposition were performed according to the determined lag lengths. According to the results, ARDL test was performed because our data was not stationary according to the ADF test and cointegration was not found among the data. As a result of impact response analysis, shocks lose their effect in a short time.


AL-TIJARY ◽  
2019 ◽  
Vol 4 (2) ◽  
pp. 125-138
Author(s):  
Moh. Musfiq Arifqi

The main problem of economic development such as poverty, unemployment, asymmetry of economic among individuals could not be removed succecfully in Indonesia. One of the reasons is caused with unreadable other variables such as social law, politics, culture and so on. The size of the success Islamic economic growth is not measured only from the material achievement perspective or the results of quantity, but also from the improving religious perspective, social and society life. The motodology of this research is library research. To get more information, the reference is taken from some book that have relation with the topic. The result is that Ibn Khaldun’s thought is referring to the term "umran al-alam" or prospering the world. It is formed from three components, namely; history (tarikh), cooperation among society (al-ijtima 'al-insani) and the universe (al-kawn). Ibnu Khaldun offered the concept of Islamic economic development: First, the contribution of humans (ar-Rijal). Second, the contribution of development (al-Imarah), Third, the contribution of institutions and government. Fourth, the contribution of wealth (al-mal). Umer Chapra believed that the means of quittable development requires "efficiency" and "equalization" of the use of all resources, both "efficiency" and "justice" cannot be applied or actualized without the supporting with moral dimensions in economic activities. Umer Chapra's thoughts are following: First, Efficiency, justice and morality. Second, the contributions of the state. Two thoughts on Islamic economic development below are known that the concept of Islamic economic development does not only measure the level of welfare in the world, but also the more important is how to prosper in the hereafter. The built concept of the two thinkers is directed more to the concept of empowerment or empowering natural resources efficiently and equitably by the role upholding ethical values and social justice.


2017 ◽  
Vol 3 (03) ◽  
pp. 181
Author(s):  
Musta’an Musta’an ◽  
Herlina Kusuma Wardani

Accounting is information submitted by companies through financial statements to provide a very clear picture of the various circumstances or conditions of the company. The purpose of this research is to know the concept of accounting in terms of the eyes of sharia and Islamic economics. The concept of Islamic accounting emerged long before the conventional accounting concepts that existed to date, even Islam itself has made a series of rules in accounting that have never been thought of by conventional accounting experts. The method used in this research is by using library method. Syariah Islam strongly supports the existence of accounting activities in every activity of activities undertaken by humans especially related to financial problems. The Islamic economic system studies and studies the people's economy by making the Qur'an and Hadith as its basis. Similarly, accounting, because the science of accounting related to the economic activities of people who have been described also in the Qur'an and Hadith. Islamic accounting in it covers issues that are not commonly thought of by capitalist accounting or conventional accounting. Human behavior while in the world will be judged in the afterlife. So that accounting is considered and considered as one of hisab or derivasinya is to advocate the good and forbid something bad. How to cite:  Musta’an, M., & Wardani, H. (2017). Akuntansi Dari Kacamata Syariah Dan Ekonomi Islam. Jurnal Ilmiah Ekonomi Islam, 3(03), 181-185. doi:http://dx.doi.org/10.29040/jiei.v3i03.130


1947 ◽  
Vol 9 (3) ◽  
pp. 350-361
Author(s):  
John S. Marshall

Among the ancients Aristotle is the only thinker who furnishes us with a fully developed philosophical conception of man's relationship to the world about him, and then uses this conception as a basis for the determination of man's life in relationship with nature. Part of this philosophy finds its source in certain conceptions reigning among the ancient Greeks, ideas which he as a product of ancient life and civilization most naturally accepted; but another part of it, and a significant part too, is the result of Aristotle's own insight into human life and its meaning. In such studies we must remember that Aristotle was very critical of much in the Greek city-state; and, as a Macedonian he was more sympathetic with an agrarian economy than with the Ionian city economy. We can never understand Aristotle if we take him to be an Athenian, and assume that his sympathies were with Athenian mercantile democracy. He is not bound down to any one ancient economy and has a critical attitude towards all of them. What he has in mind are certain norms or ideals for human life and its relationship to nature, and on these he bases his whole system of social and economic thought and thus throws light upon the systems of social and economic life historically developed.


Author(s):  
Zeinab Shallal Akkar ◽  
Wafa Ali Sultan

The insurance sector is one of the most important sectors of the financial services in the world، and it keeps pace with all other economic activities and contributes to its support، development and stability. This study aims to review the investment in insurance companies and the revenues obtained from it، where insurance companies collect large amounts of premiums that enter and then invest in various areas in economic life، and in order to achieve appropriate returns to cover their obligations towards the policyholders and payment of compensation، Factors necessary for successful investment function in insurance companies.


2019 ◽  
Vol 1 (1) ◽  
pp. 19
Author(s):  
Abdul Majid Toyyibi

<p class="StyleIABSSSLatinBoldGray-80">Abstract</p><p class="IABSSS"><strong>Purpose</strong> - By upholding the value of sharia principles economic activities. Electronic money is a financial transaction that is used by the community as a substitute for cash, and ottopay is part of it, to help become a financial intermediary with an electronic system through QR and billers.</p><p class="IABSSS"><strong>Method</strong><strong> </strong>- The research is based on researching ottopay in its transactions by using a descriptive qualitative.</p><p class="IABSSS"><strong>Result</strong><strong> </strong>- From the research method process used in the study resulted in the study that the implementation of ottopay in topping up by filling directly via the bank ATM or through an agent by clicking the wallet menu then top up and following the steps until the confirmation is successful and the balance is ready whenever it can be used.</p><p class="IABSSS"><strong>Implication</strong> - The existence of the Ottopay system is a support for the community to be able to think forward in the world of finance and technology, in addition, ottopay can be used as a business opportunity to provide benefits in the form of added value in the form of turnover that can be owned by merchants and can be used as additional income for the community.  </p><p class="IABSSS"><strong>Originality</strong> - The implementation of ottopay between users and publishers and users and merchants is in accordance with the rules of the DSN MUI fatwa, therefore the benefits of the ottopay application can guarantee security, easy and practical use so that people's economic turnaround is faster because it has an electronic digital system.</p>


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