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All Journal ILMU USHULUDDIN Refleksi: Jurnal Kajian Agama dan Filsafat Ulul Albab: Jurnal Studi Islam Mumtaz: Jurnal Studi Al-Quran dan Keislaman IQ (Ilmu Al-qur'an): Jurnal Pendidikan Islam Al Ashriyyah Indo-MathEdu Intellectuals Journal QOF: Jurnal Studi Al-Qur'an dan Tafsir Jurnal Indonesia Sosial Sains AT-TAISIR: Journal of Indonesian Tafsir Studies Blantika : Multidisciplinary Journal
Anwar, Hamdani
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Religion Arts Humanities Astronomy Biochemistry, Genetics & Molecular Biology Chemistry Computer Science & IT Decision Sciences, Operations Research & Management Earth & Planetary Sciences Economics, Econometrics & Finance Education Energy Environmental Science Immunology & microbiology Languange, Linguistic, Communication & Media Law, Crime, Criminology & Criminal Justice Library & Information Science Materials Science & Nanotechnology Mathematics Neuroscience Physics Public Health Social Sciences Other

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COMPATIBILITY OF ISLAM AND CAPITALISM: DIMENSIONS OF CAPITALISM IN THE QURAN Baharuddin, Didin; Anwar, Hamdani
ILMU USHULUDDIN Vol. 10, No. 1, July 2023
Publisher : Peminat Ilmu Ushuluddin

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15408/iu.v10i1.35738

Abstract

This study aims to explore the compatibility of capitalism and Islam. Capitalism, which is identical with self-centeredness and greed, is often at odds with Islam. Have we employed some descriptive, interpretation, and philosophical approaches, this study concludes that capitalism and Islam are compatible. The Quran mentions several characteristics of capitalism, such as private ownership and profit maximization. Private ownership and capital accumulation are permitted in Islam, and the freedom to own property is a measure of productivity. Profit maximization, which is the core of capitalism, is also available in the Quran. Islam permits profit-taking within certain parameters. This situation demonstrates the compatibility of capitalism and Islam. However, it is necessary to incorporate Islamic norms to make capitalism more compatible with Islam.
COMPATIBILITY OF ISLAM AND CAPITALISM: DIMENSIONS OF CAPITALISM IN THE QURAN Baharuddin, Didin; Anwar, Hamdani
ILMU USHULUDDIN Vol 10, No 1, July 2023
Publisher : Peminat Ilmu Ushuluddin

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15408/iu.v10i1.35738

Abstract

This study aims to explore the compatibility of capitalism and Islam. Capitalism, which is identical with self-centeredness and greed, is often at odds with Islam. Have we employed some descriptive, interpretation, and philosophical approaches, this study concludes that capitalism and Islam are compatible. The Quran mentions several characteristics of capitalism, such as private ownership and profit maximization. Private ownership and capital accumulation are permitted in Islam, and the freedom to own property is a measure of productivity. Profit maximization, which is the core of capitalism, is also available in the Quran. Islam permits profit-taking within certain parameters. This situation demonstrates the compatibility of capitalism and Islam. However, it is necessary to incorporate Islamic norms to make capitalism more compatible with Islam.
Co-Authors Ahmad Taufik Alkaff, Syed Abdul Rahman Baharuddin, Didin Fachruddin, Farid Hude, Darwis Kailani, Mohd Kholilurrohman Kholilurrohman Kurni, Waesul Kusmana Kusmana Mualim, Mohamad Muis, Abullah Nailul Ulya, Muhim Nur Arfiyah Febriani Songyanan, Afifudin Sri Rosmalina Soejono Sultoni, Ahmad Hery Tamam, Badru Ulinnuha, Muhammad Zakaria, Wan Fariza Alyati Wan