Correlation and Relevance of Islamic Economic Theory and Modern Economics

Authors

  • Muhammad Yunus Universitas Islam Bandung
  • Yadi Janwari UIN Sunan Gunung Djati Bandung
  • Ahmad Hasan Ridwan UIN Sunan Gunung Djati Bandung

DOI:

https://doi.org/10.31943/afkarjournal.v6i4.755

Keywords:

Theory, Islamic Economics, Modern Economics

Abstract

This study aims to explain the correlation between economics and Islam. This research uses qualitative research, with a normative juridical approach and data collection techniques by means of literature study. The results of this study indicate that Islam is a perfect religion that regulates all aspects of human life including the economy. This is proven by the concept of welfare described in the Qur'an and Sunnah. Basically, the purpose of every human being's life is to achieve welfare, although humans interpret welfare from different perspectives. Most economic understandings assume that welfare is worldly material welfare. However, Islam defines welfare with the term Falah, which means holistic and balanced welfare between the material and spiritual dimensions. The Quran and Sunnah have taught that welfare will be achieved if humans live a life in balance between their material and spiritual lives. This is because human life does not only stop in this world, but there is still a second life that humans will face in the hereafter, and welfare will be achieved truly if humans can balance the needs of the world and the hereafter, and that is what is taught in Islamic economics

Downloads

Download data is not yet available.

References

Al-Hasani, Baqir dan Abbas Mirakhor (ed.), Essays on Iqtisad: The Islamic Approach to Economic Problems, USA: NurCoorporation, 1989.

Al-Kaaf, Abdullah Zaky, Ekonomi Dalam Perspektif Islam, Bandung: Pustaka Setia, 2002. Antonio, M. Syafi’i, Bank Syariah: Bagi Bankir dan Praktisi Keuangan, Jakarta: Bank

Indonesia dan Tazkia Institute, 1999.

Chapra, M. Umer, The Future of Economics: An Islamic Perspective,

Jakarta: Shari’ah Economics and Banking Institute, 2001.

Karim, Adiwarman, Sejarah Pemikiran Ekonomi Islam, Jakarta: Raja Grafindo Persada, 2006

Naisaburi, Abu al-Husain Muslim bin al-Hajjaj, Shahih Muslim, Jilid 2, Beirut: Dar al-Fikr, 1993.

Nasution, Harun, Akal dan Wahyu dalam Islam, Jakarta: UI Press, 1986.

Nasution, Mustafa Edwin, et. al., Pengenalan Eksklusif Ekonomi Islam, Jakarta: Kencana, 2007.

P3EI, Ekonomi Islam, Jakarta: Rajawali Pers, 2009.

Rivai, Veithzal dan Andi Buchari, Islamic Economics: Ekonomi Syariah Bukan OPSI. Tetapi SOLUSI!, Jakarta: Bumi Aksara, 2009.

Shihab, M. Quraish, Membumikan al-Quran: Fungsi dan Peran Wahyu dalam Kehidupan Masyarakat, Cet. Ke. 14, Bandung: Mizan,1994.

Downloads

Published

2023-08-11

How to Cite

Muhammad Yunus, Yadi Janwari and Ahmad Hasan Ridwan (2023) “Correlation and Relevance of Islamic Economic Theory and Modern Economics”, al-Afkar, Journal For Islamic Studies, 6(4), pp. 55–65. doi: 10.31943/afkarjournal.v6i4.755.

Issue

Section

Articles

Most read articles by the same author(s)

1 2 > >>