Journal Article
Published
Islamic Economics in the Middle of Civilization Transition
Abstract
The existence of an economic system of capitalism, an economic
system of socialism, and an economic system of sharia are a
response to problems regarding the economy as well as an answer
to removing people from the obscurity of the existing economic
system. It’s hoped that these systems will be the key to the economic
success of a society. But there are always advantages and
disadvantages to every existing system. The economic system of
capitalism is an economic system hi which investors or owners of
capital are the movers and rulers. Meanwhile, the economic system
of socialism is a system hi which the government is the main control,
this system ignores the position of the individual, everything is
regulated by the ruler and no one has the right other than the ruler.
The considerations positives and negatives of each system have
created a sharia economic system where this system has every
positive side of the capitalist and socialist economic system but
ignores the shortcomings or negative sides of the two systems. This
paper discussed how the economic system of capitalism, the
economic system of socialism, the Islamic economic system, and the
relationship between them. The method used in this writing was
library research, in which the authors used various secondary data
from books, article, and many more. The results showed that it is
clear that there are far differences between the conventional
economic system and the Islamic economic system, the conventional
economic system includes the economic system of capitalism and
the economic system of socialism.
Publication Details
JournalJournal of Sharia Economics
Volume3 (1)
Pagespp. 64-75
ISSN2655-2493
SubjectsK Law > K Law (General)
KeywordsCapitalism Economic
System;
Socialism Economic
System;
Islamic Economic System.
Item ID1820
Deposited06 Nov 2022 01:38