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All Journal International Journal of Nusantara Islam JURNAL IQTISAD: Reconstruction of Justice and Welfare for Indonesia Jurnal Asy-Syari'ah Diponegoro Law Review Al-Mustashfa JURISDICTIE Jurnal Hukum dan Syariah Jurnal Ilmiah Ekonomi Islam Jurnal Ilmiah Al-Syir'ah Al Qalam: Jurnal Ilmiah Keagamaan dan Kemasyarakatan IKRA-ITH EKONOMIKA Journal of Economicate Studies AMALIAH: JURNAL PENGABDIAN KEPADA MASYARAKAT Amwaluna Jurnal Ekonomi dan Keuangan Syariah JURNAL ILMIAH KESEHATAN SANDI HUSADA TEMALI : Jurnal Pembangunan Sosial Rayah Al Islam : Jurnal Ilmu Islam Jurnal Hukum Ekonomi Syariah Coopetition : Jurnal Ilmiah Manajemen JES (Jurnal Ekonomi Syariah Bertuah : Jurnal Syariah dan Ekonomi Islam Airlangga International Journal of Islamic Economics and Finance Journal of Islamic Economics and Philanthropy Eco-Iqtishodi : Jurnal Ilmiah Ekonomi dan Keuangan Syariah Ekonomica Sharia: Jurnal Pemikiran dan Pengembangan Ekonomi Syariah El-Ecosy : Jurnal Ekonomi dan Keuangan Islam J-Alif : Jurnal Penelitian Hukum Ekonomi Syariah dan Budaya Islam Jurnal Iqtisaduna Mimbar Agama Budaya Journal Islamic Economics Ad Diwan Jurnal Ekonomi Syariah dan Bisnis Al-Manahij : Jurnal Kajian Hukum Islam JURNAL ECONOMINA Likuid: Jurnal Ekonomi Industri Halal Jurnal Multidisiplin West Science Innovative: Journal Of Social Science Research Indonesian Journal of Advanced Research (IJAR) Ekalaya : Jurnal Ekonomi Akuntansi Bisma : Business and Management Journal ISLAMICA : Jurnal Ilmu-Ilmu Agama Islam Jurnal Global Ilmiah Zona Law And Public Administration Indonesia Anayasa International Journal of Nusantara Islam Journal of Islamic Law (EJIL) TIJARAH: Jurnal Ekonomi, Manajemen, dan Bisnis Syariah Jurnal International Economic Sharia International Journal of Law Social Sciences and Management Jurnal Ilmiah Kesehatan Sandi Husada Mashlahah: Journal of Islamic Economics Ekopedia: Jurnal Ilmiah Ekonomi Iqtisad : Journal of Islamic Economic and Civilization Ipso Jure Khazanah Sosial International Journal of Islamic Khazanah Al-Mustashfa: Jurnal Penelitian Hukum Ekonomi Syariah
Jubaedah, Dedah
UIN Sunan Gunung Djati Bandung, Indonesia
Religion Arts Humanities Chemical Engineering, Chemistry & Bioengineering Civil Engineering, Building, Construction & Architecture Computer Science & IT Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Education Environmental Science Health Professions Languange, Linguistic, Communication & Media Law, Crime, Criminology & Criminal Justice Medicine & Pharmacology Nursing Public Health Social Sciences Other

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Comparative and Integrative Approach of Conventional and Islamic Economic Theories in Islamic Economic Law Development Jefik Zulfikar Hafizd; Yadi Janwari; Dedah Jubaedah
Al-Mustashfa: Jurnal Penelitian Hukum Ekonomi Syariah Vol. 10 No. 1 (2025)
Publisher : UIN Siber Syekh Nurjati Cirebon

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24235/jm.v10i1.18550

Abstract

Conventional economic theory, which began with Adam Smith's seminal work on the free market and the 'invisible hand,' evolved through the contributions of Keynesianism and monetarism, focusing on government intervention and money supply control, respectively. In contrast, Islamic economic thought is deeply rooted in the Qur'an and Sunnah, with early Islamic scholars like Ibn Khaldun emphasizing justice, balance, and social welfare as core economic principles. After a period of dormancy, Islamic economics was revived in the 20th century, presenting an alternative that integrates moral and ethical values within the economic system. This research examines the integration of conventional and Islamic economic principles, particularly their role in the development of Islamic law (Sharia) and its economic applications. By adopting a comparative and integrative approach, the study analyzes both systems' concepts, principles, and practices, relying on data from books, journals, articles, and other scholarly references. The findings highlight both the similarities and differences between conventional and Islamic economics and identify complementary elements that facilitate the creation of a more just and sustainable hybrid economic model. Integrating core Islamic economic values, such as the prohibition of usury (riba) and wealth redistribution (zakat), with conventional economic frameworks can promote a more equitable and sustainable economic system. This research concludes that the synthesis of conventional and Islamic economics, underpinned by Sharia principles, can lead to the development of a more efficient, ethical, and socially just economic model..Keywords: Conventional Economics; Islamic Economics; Comparison; Economic Integration; Economic Sustainability
Co-Authors Abdurrahman Wahid, Abdurrahman Achmad Ridwan, Achmad Adil, Ustad Ageng Septa Rini Ageng Septa Rini Ahmad Fathan Aniq Ahmad Fauzi, Abdul Aziiz Ahmad Lukman Nugraha Ahmad Luqman Hakim Ahmad Luqman Hakim, Ahmad Luqman Ahmad Rifai ahmad yani Annisa Eka Rahayu Annisa Tania Dewi anton athoillah Anton Athoillah Antoni Julian Apriani, Triana Armelia Prakasa Asman Taeali Asri Sundari Athoillah, Mohamad Anton Ayi Nurbaeti Berizi, Ahmad Burhanudin, Bunbun Muhamad Dermawan, Muhammad Jagat Dewi, Annisa Tania Ending Solehudin Evi Sopiah, Evi Fadhlya Hidayatunnisa, Nurul Fatahillah, Ikhwan Aulia Febriyani, Putri Agus Feby Pebryanti Suhendi Friasta, Intan Gaidha Khusnul Pangestu Ghozali, Mohamad Gojali, Dudang Gómez, José Manuel Naranjo Gunariah, Frilla Hadi, Sholikul Hasan Bisri Hasan Bisri Hasanudin Hasanudin Heni Pujiastuti Heryana, Sandi Hidayah, Paisah Nurul Hisam Ahyani ian rakhmawan suherli Ilmia, Anisa Intan Friasta Irni Sri Cahyanti Ishandawi Iwan Setiawan Iwan Setiawan Janwari , Yadi Janwari, Yadi Jauhari, Moh. Ahsanuddin Jefik Zulfikar Hafizd Kamaludin Yusup, Deni Kamaludin, Asep Kikin H Mutaqin Kusuma, Nurul Rahmah Kuswandi, Yudi Lestari, Putri Sri M Aditiya, Iip Maricar, Hudzaifah Muhammad Maulana, Fauzan Aziz Maulin, Mery Mohamad Anton Athoillah Mohamad Ghozali Mohd Roslan Mohd Nor Muhamad Afif Sholahudin Muhammad, Bohari Agus Muharni, Yusraini Mukhlas, Oyo Sunaryo Mursyidah Zein, Ai Imas Mustofa Mustofa Mutakin, Ali Naeli Mutmainah Nanang Sobarna Nasrudin Noradin, Muhammad Farhan Bin Mat Nur Hida, Ziyana Nurhasana, Nurhasana Nurjamil Nursari, Nina Pandu Pribadi Parhan, Parhan Pramayanti, Dian Ikha Putra, Haris Maiza Rahmah Kusumah, Nurul Rahmah, Yulia Fithriany Rahmah, Yulia Fitriany Rahmawati, Indriyani Dwi Rajiman, Arman Rosidah, Rose Rudi Ahmad Suryadi, Rudi Ahmad Rukmanda, Meirani Rahayu Said, Nuralika Yepsi Sarmilantiva Salimudin, Mumud Santika, Ganjar Sar'an, Mohamad Shinta Mona Lisca Siskanti, Siskanti Slamet Santoso Sofian Al Hakim, Sofian Sri Lestari, Putri Suhendi, Feby Pebryanti Suherli, Ian Rakhmawan Sulaeman Sulaeman Sulaeman Sumiati Sumiati Supriatna Supriatna Sutiana, Yana Tajul Arifin Tajul Arifin Wawan Oktriawan Widiastuti, Dwi Suci Yadi Janwari Yadi Janwari Yeli Yuliani Yuliani, Yeli Yuniarti, Vinna Sri Yusup, Deni Kamaludin