The Urgency Of Sharia Economic Transformation In Facing The Global Economy

Authors

  • Alfian Sani Institut Agama Islam Negeri Langsa

DOI:

https://doi.org/10.33830/elqish.v2i2.3596.2022

Keywords:

Urgency of Transformastion, Sharia Economic, Global Economy

Abstract

This study discusses the urgency of Islamic Economics's transformation in breaking through the global economy. The research method uses qualitative method and descriptive analysis. The research results indicate that to strengthen Islamic Economics, it must have a strategy that goes beyond the global economy and must be based on sharia principles,  referring to the Qur'an and Hadith. The transformation that can be felt now with the presence of the Islamic Economy is the establishment of Islamic Financial Institutions and Islamic Banking which supports the development of the real sector. Islamic economics builds the integrity of Muslims who run the economic wheel under Islamic teachings by adhering to the privileges of Islamic economics itself, namely by avoiding all forms of activities that contain elements of usury which have an impact on harm to others. The challenge faced by the sharia economy is that people still need clarification in understanding the essential characteristics that underlie the sharia banking operational system, namely the profit-sharing system.

References

Andiko, T, (2017), Significance of the Implementation of Islamic Economics Concepts in Business Transactions in the Modern Era, MIZANI Journal: Legal, Economic and Religious Discourse, Vol 4 No 1.

Budiman, A, (2014), Islamic Economic Capitalism, Journal AN-NISBAH, Vol 1 No 1

Burhanuddin, S. (2014). Legal Aspects of Islamic Financial Institutions. Yogyakarta: Graha Ilmu

El-fikri, Syahruddin, (2018), Back to the Khittah of the 1945 Constitution, Journal of People's Economy, Vol 2 No 1.

Etzioni, Amitay. (1988). The Moral Dimensioan: Towards a New Economics. (New York: McMillan

Fachruddin, F. M. (2012). Islamic Economics. Jakarta: Mutiara

Farida & Zulaini, N. L, (2014), Influence of Dimensions of Knowledge Development, New Skills Improvement, and Public Awareness on Maqasid Performance, Cakrawala Journal, Vol 10 No 1

Frederik, W, (2012), Juridical Analysis of the Role of Islamic Banks in Banking Activities in Indonesia, IUS QUIA IUSTUM Legal Journal, Vol 4 No 19

Hafidhuddin, Didin. (2002). Zakat in the Modern Economy. Jakarta: Gema Insani Press

Hendri, Anton, M.B. (2003). Introduction to Islamic Microeconomics. Yogyakarta: EKONISIA

Ihwanudin, N, (2017), Sharia Economic Law in the Global Economic Stage and World Economic Growth, Misykat Journal, Vol 2 No 1

Kholis, N, (2008), The Future of Islamic Economics in the Current Economic Trend of the Global Era, Journal of Social Sciences, Vol 2 No 1

Mannan, M. Abdul. (1986). Islamic Economics, Theory and Practice. Cambride: Hodder and Stoughton, The Islamic Academy.

Mardani. (2011). Sharia Economic Law in Indonesia. Bandung: PT Refika Aditama.

Maulidiizen , Sunday, (2017), “The Role and Challenges of Islamic Economics in the Global Era, Falah Journal, Vol 2 No 1.

Mubyarto, (2018), Implementation of the Pancasila economic system in the midst of the practice of economic liberalization in Indonesia, Journal of the people's economy, Vol 2 No 1

Muhamad. (2011). Research Methodology for Islamic Economic Thought. Yogyakarta: Econisia, Faculty of Economics, UI.

Muhammad. (2018). Principles of Islamic Economics. Yogyakarta: Graha Ilmu

Nasution, Mustafa Edwin, Etc. (2019). Exclusive Introduction to Sharia Economics. Jakarta: Kencana Perdana Media Group.

Ridawati, Mujiatun, (2021), "Redefinition of Indonesian Islamic Economics (Study on Islamic Economic Thought Adiwarman Azwar Karim," Journal of Basic Education and Social Humanities, Vol 1 No 2.

Santosa, Awan. (2019), The Relevance of the Pancasila Economic Platform Towards Strengthening the Role of the People's Economy, Journal of People's Economy, Vol 1 No 2

Syukron, Ali. (2013), “The Dynamics of Development of Islamic Banking in Indonesia, Economics”, Journal of Economic and Islamic Law, Vol 3 No 2

Umar, Chapra, M. (2001). What is Islamic Economics, Jeddah: IRTI – IDB.

Waryanto, (2020), Alternative Development for Indonesia: Implementing the Pancasila Economic System, Economic Journal, Vol 1 No 1.

Yuliadi, I. (2013). Islamic Economics Opportunities and Challenges. Yogyakarta: LPPI.

Downloads

Published

2022-12-16

How to Cite

Sani, A. (2022). The Urgency Of Sharia Economic Transformation In Facing The Global Economy. El-Qish: Journal of Islamic Economics, 2(2), 126–138. https://doi.org/10.33830/elqish.v2i2.3596.2022

Issue

Section

Articles