Islamic Economics

Islamic economics is a social science that studies the economic problems of the people who inspired by Islamic values. Islamic economics or cooperative economic system distinct from capitalism, socialism, and the welfare state (Welfare State). Different from capitalism because Islam oppose the exploitation of labor by capital owners are poor, and prohibits the accumulation of wealth. In addition, the economic standpoint as well as the demands of life Islam is a suggestion that has dimensions of worship that applied ethics and morals.




Islamic economic differences with conventional economic

Main article: Economy of Islamic vs conventional economic
The economic crisis that often happens suspected was the work of conventional economic system, which puts the system of interest as an instrument provitnya. Contrary to what is offered Islamic economic system, with provitnya instruments, namely sharing system.


Islamic economic system is very different from the capitalist, socialist or communist. Islamic economics nor in the middle of the three economic systems. Stands in stark contrast with the more individual capitalist, socialist who gives almost all the responsibility to the citizens as well as the extreme communist, Islamic economics and trade set form perkhidmatan that can and can not be traded. Islamic economics should be able to provide for the welfare of the whole community, provide a sense of justice, togetherness and able to provide the widest possible opportunity for every business actor


Characteristic of sharia economics

Not much is mentioned in the Qur'an, and only the fundamental principles only. For reasons that are very precise, the Qur'an and Sunnah lot of talk about how Muslims should behave as producers, consumers and owners of capital, but only a little about the economic system. As disclosed in the above discussion, in Islamic economics should be able to provide greater opportunities to every business operators. In addition, Islamic finance has emphasized four properties, among others:
Unity (unity)
Balance (equilibrium)
Freedom (free will)
Responsibility (responsibility)
Humans as deputy (caliph) of God in the world can not be individualistic, because all the (wealth) in the earth belongs to God alone, and a man is his confidence in the world . In carrying out economic activities, Islam strongly forbids usury activities, which in terms of language means "excess" . In the Qur'an Surat al-Baqara verse 275  mentioned that people who eat (take) riba can not stand but as stands one whom possessed by devils because (pressure) mad disease . Thus those circumstances, it is because they say (argue), it's actually trading with riba, but Allah has made buying and selling and forbidden usury ...


The purpose of Islamic Economics

Islamic economics has the objective to provide alignment for the life of the world. Islam is not simply a value solely for Muslim life, but all living creatures on earth. The essence of the Islamic economy is the fulfillment of human needs based on Islamic values ​​in order to achieve the purpose of religion (Falah). Islamic Economics to grace the whole of nature, which is not limited by economic, social, cultural and political life of the nation. Islamic economics is able to capture the value of this phenomenon so that the journey without leaving the economic theory of Islamic legal sources, can be changed.