REDEFINIG ECONOMIC SYSTEMS AS AN ISLAMIC ECONOMIC SYSTEM

Objective: Need of a new economic model has been realized at the international level, as numerous and significant flaws has appeared in both two systems capitalism and socialism, which are becoming a great cause for economic crises in almost every economy of the word, in this regard this study has been carried out on the redefining Islamic economics as a new model, that how it can take out those problems and flaws which has appeared in both structure. Methodology: Islamic economic system doesn’t emphasize only on the economic variables it also considers the social variables which has been neglected by both previously and currently practicing systems (socialism and capitalism).current study is a comparative analysis of all said systems. Findings: It has been also observed that in spite of having great strength to winkle out all the economic problems, without interest how we are able to get the profit and what different types of new loan system that is RIBA free and helpful for getting the good profit. Practical Implication: In Islamic economic system the private property is being debatable. Government or state should be involved in only condition if market is failed to provide public good and education.

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KETAHANAN EKONOMI KELUARGA DALAM EKONOMI ISLAM: SEBAGAI UPAYA MENCARI SOLUSI ALTERNATIF

AT-TASYRI': JURNAL ILMIAH PRODI MUAMALAH ◽

10.47498/tasyri.v13i1.498 ◽

2021 ◽

pp. 49

Author(s):

M. Ikhwan ◽

Imroatus Solihah

Keyword(s):

Economic System ◽

Qualitative Method ◽

Economic Systems ◽

Economic Resilience ◽

Economic Problems ◽

Normative Approach ◽

Family Economy ◽

The Family ◽

The Government ◽

Islamic Economic

This paper explains the Islamic economic system which is believed to be not only an alternative economic system but can be a solution to various economic problems including the family economy. To explain this will explain the definition, genealogy and comparison of Islamic economics with conventional economic systems, and the last explained the Islamic economic solution to the economic resilience of the family economy. This paper uses a qualitative method to narrate the concept of Islamic economics as a solution to the family economy with a philosophical and normative approach and refers to secondary research sources such as books, journals and other scientific articles. From the observations that have been made, the economic resilience of the family starts from applying the Islamic economy in household life, then being simple/modest, abandoning usury practices, giving zakat, the spirit of work, avoid asking for solicitation and addressing the government properly.

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Comparative Study Of Islamic Economic Law And The Capitalist

Jurnal Ilmiah Al-Syir ah ◽

10.30984/jis.v16i2.640 ◽

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

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

Jurnal Ilmiah Teunuleh ◽

10.51612/teunuleh.v1i2.42 ◽

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.

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Sistem Ekonomi (Islam) dan Pelarangan Riba dalam Perspektif Historis

JURNAL ILMIAH EKONOMI ISLAM ◽

10.29040/jiei.v4i1.138 ◽

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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Economics as Theory and Ideology

World Politics ◽

10.2307/2009065 ◽

1954 ◽

Vol 6 (3) ◽

pp. 289-305

Author(s):

H. van B. Cleveland

Keyword(s):

Economic System ◽

Economic Thought ◽

Western World ◽

Economic Systems ◽

Human Society ◽

Economic Problems ◽

Goods And Services ◽

Economic Liberalism ◽

Eighteenth And Nineteenth Centuries ◽

Classical Economic

There is not a great deal to be said about economics which is truly universal. One can say that economics is the study of economic systems. Economic systems can be defined as systems of human actions concerned with the production and the distribution of goods and services which are scarce relative to the wants of the community. But statements of this kind, which attempt to define the economic aspect of human society in universally valid terms, are far too general to serve as premises from which an economic theory, useful for understanding actual economic problems, can be logically deduced. To have theory, one must start with premises and assumptions about some particular economic system, historically given, or some particular kind of economic system. The great bodies of economic thought of the Western world—mercantilism, classical and neo-classical economic liberalism, and the various schools of Marxist economic—have been theories relevant to particular economic systems: those, let us say, of the Western world in the seventeenth, eighteenth, and nineteenth centuries.

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Ekonomi Syariah Sebagai ‘Trend’ di Era Globalisasi

FALAH Jurnal Ekonomi Syariah ◽

10.22219/jes.v1i2.3684 ◽

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.

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ORGANIZATIONAL AND INSTITUTIONAL ASPECTS AND PRINCIPLES OF THE SOCIAL AND LABOR RELATIONS’ CONSTRUCTION IN LARGE ECONOMIC SYSTEMS UNDER TRANSFORMATION CONDITIONS

The Russian Automobile and Highway Industry Journal ◽

10.26518/2071-7296-2018-5-800-811 ◽

2018 ◽

Vol 15 (5) ◽

pp. 800-811

Author(s):

E. Yu. Legchilina

Keyword(s):

Economic System ◽

Labor Relations ◽

Value Orientations ◽

Economic Systems ◽

Social Efficiency ◽

Scientific Methods ◽

Modern Economy ◽

The Social ◽

Institutional Aspects ◽

Transformation Processes

Introduction.The paper deals with organizational and institutional aspects and principles of building social and labor relations of the large economic system. Such research is determined by the urgency and contradictory of scientific views by solving problems in the transformation processes of the social and labor relations in the modern economy.Materials and methods.Scientific materials of foreign and domestic scientists are used in the research. The author applies the system-axiological approach on the basis of the scientific methods’ combination, such as analytical, institutional and systemic. In addition, the concept of co-evolution is applied while considering organizational and institutional aspects of building social and labor relations.The organizational and institutional problems of designing a new system of social and labor relations during the transformation period are discussed in the paper.Conclusions.The author proposes four groups of principles, such as the principle of dynamic correspondence to value orientations of stakeholders and the goals of a large economic system, the principle of network based on institutional need, the principle of the balance of economic and social efficiency in the system of social and labor relations, the principle of flexibility and transformability of the social and labor relations’ system on the basis of co-evolution.Therefore.The results could serve as the conceptual basis for the design of the social and labor relations in large economic system, as well as the strategy for the socio-economic development of corporations.

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KONSEP MANAJEMEN AMANAH: Kajian Teoritik terbadap Sistem Finansial Perbankan Islam

El-HARAKAH (TERAKREDITASI) ◽

10.18860/el.v2i1.4738 ◽

2018 ◽

Vol 2 (1) ◽

pp. 46

Author(s):

Eko Suprayitno

Keyword(s):

Economic System ◽

Corporate Culture ◽

Trust Management ◽

Careful Consideration ◽

Promising Alternative ◽

Economic Problems ◽

Whole Process ◽

Alternative System ◽

Islamic Economic

The Islamic economic system is a promising alternative system and therefore worthy of careful consideration. However, not a few also question whether it is true Islamic economic system is a promising alternative, especially efforts to solve the economic problems of this very crowded nation, although at this time have started many who apply this sharia economic system in the banking world. The application of sharia ethics as a consequence of the company's goal of maximizing the grace of giving birth to what is called amanah management. The whole process in this management is always imbued by, and practiced with, sharia ethics to maximize grace. Therefore, emphasized by the trustful management is how to maximize the rahmat can be done. Therefore, the strategy to apply the trust management needs to be done so that the management trust becomes the corporate culture of the company. Sistem ekonomi Islam merupakan sebuah sistem alternatif yang menjanjikan dan oleh karenanya layak dipertimbangkan secara seksama. Namun demikian, tidak sedikit pula yang mempertanyakan, apakah benar sistem ekonomi Islam merupakan sebuah alternatif yang menjanjikan, khususnya upaya menyelesaikan masalah ekonomi bangsa yang sangat menyesakan ini, walaupun pada saaat ini sudah mulai banyak yang menerapkan sistem ekonomi syariah ini dalan dunia perbankan. Aplikasi etika syariah sebagai konsekuensi dari tujuan perusahaan yang memaksimalkan rahmat melahirkan apa yang disebut dengan manajemen amanah. Seluruh proses dalam manajemen ini selalu dijiwai oleh, dan dipraktikan dengan, etika syariah untuk memaksimalkan rahmat. Oleh karena itu, ditekankan oleh manajemen amanah adalah bagaimana memaksimalkan rahrnat dapat dilakukan. Untuk itu strategi untuk mengaplikasikan manajemen amanah perlu dilakukan agar manajemen amanah menjadi corporate culture dari perusahaan.

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PEDAGOGIK EKONOMI SYARIAH DALAM ISLAM

Al-Tafaqquh: Journal of Islamic Law ◽

10.33096/altafaqquh.v2i2.120 ◽

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.

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EFISENSI DISTRIBUSI PENDAPATAN DALAM EKONOMI ISLAM

Mozaic : Islam Nusantara ◽

10.47776/mozaic.v7i1.174 ◽

2021 ◽

Vol 7 (1) ◽

pp. 47-60

Author(s):

Abdul Qadir

Keyword(s):

Data Analysis ◽

Economic System ◽

Distribution System ◽

Qualitative Method ◽

Distribution Patterns ◽

Economic Systems ◽

Economic Problems ◽

Or Groups ◽

Production Distribution ◽

Distribution Of Income

Transitions between production, distribution, and consumption in an economic system are inseparable from one another. If one of them experiences a problem, it will have an impact on all of them (economic problems occur scarcity), meaning that if one of the three foundations is scarce it will cause problems in the wheels of the economy. creates conflict, this is different from the economic system in Islam, that property should not be controlled by a handful of people or groups in order to have justice and distribution. The purpose of this paper is to find out how the distribution patterns of production in Islam and conventional. Meanwhile, the problem formulated is how the effectiveness of production distribution without having to harm one of the parties, so that the distribution will reach the market which is the meeting place between traders and consumers. The object of this study is focused on how the efficiency of distribution in Islamic and conventional economic systems, while the data used is in the form of scientific works and writings related to distribution, then the data analysis is a descriptive qualitative method. The theory used is related to distribution as Adiwarman A Karim's opinion, which states that justice in the distribution system does not have any parties being judged. The conclusion of the paper is that the efficiency of allocation and distribution of income based on the Islamic perspective can be said to be efficient if it has been fulfilled and there are no parties being judged.

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