Economy in Islam according to the Experts-In Islamic Economics is the science which studies human behavior in meeting all their needs with the aim of obtaining falah (peace & prosperity world-hereafter).
The word Islam after Islam Economy Economy in the expression serves as an identity without affecting the meaning or definition of the economy itself. Because the definition is more determined by the perspective or worldview more precisely used as the base value.
The word Islam after Islam Economy Economy in the expression serves as an identity without affecting the meaning or definition of the economy itself. Because the definition is more determined by the perspective or worldview more precisely used as the base value.
At some level the issue of the definition of Islamic economics is related with the discourse of Islamization of Science (Islamization of Knowledge) Science in Islam is defined as any knowledge that is scientifically proven truth that is able to bring man to God (revelation standard - absolute truth). While Science is widely known in the conventional world is all the science that meets the rules of scientific method (human creation - relative truth).
Human behavior here pertains to the foundations of Sharia as a reference behave and tendencies of human nature. And in an Islamic economy, those two things interact with each portion until it forms a distinct economic mechanisms with the basics of the divine.
Here is the definition of Economics in Islam according to the experts:
1. S.M. Hasanuzzaman,
"Islamic economics is the knowledge and application of the teachings and sharia rules that prevent injustice in the search and the expenditure of resources, in order to provide satisfaction for people and enable them to carry out their obligations to God and society."
2. M.A. Mannan,
"Islamic economics is a social science that studies the economic problems of the people have Islamic values."
3. Khursid Ahmad,
Islamic economics is "a systematic effort to try to understand the economic problems and human behavior in relation to these issues from an Islamic perspective."
4. M.N. Siddiqi,
Islamic economics is a response of "Muslim thinkers of the economic challenges of their times. In this effort they were aided by the Qur'an and As Sunnah, as well as reason and experience. "
5. M. Akram Khan,
"Islamic economics aims at studying human well-being (falah) is achieved by organizing the resources of the earth on the basis of cooperation and participation."
6. Louis Cantori,
"Islamic economics is nothing but an attempt to formulate a science of human-oriented economy and society that refuses oriented excesses of individualism in classical economics."
Economics is about covering the turning plying between humans, so humans can maximize the functions of his life as a servant of God to reach falah in the world and the hereafter (the Hereafter). Economics is a collective activity.
Read Also:
Islamic Economics
- Definition of Islamic Economics
- Design of Islamic Economics
- Economy in Islam According to the Experts
- Islamic Economics method
- Law Resources on Islamic Economics
Islamic Banking
- Introduction of Islamic Banking
- Definition of Islamic Banking
- Islamic Banking, Definition and History
- History of Islamic Banking
- Islamic Banking Principles
- Islamic Banking Products
- Scheme of Islamic Banking Products
- Basic Concepts of Accounting for Islamic Banking
- Islamic Economics and Islamic Banking, the basic concepts andrelationships
- The Difference between Islamic banking and Conventional Banking
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