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All Journal Laa Maisyir Jurnal Ekonomi Islam Pendas : Jurnah Ilmiah Pendidikan Dasar Al-Kharaj: Journal of Islamic Economic and Business Jurnal Ilmiah Al-Tsarwah International Journal of Business and Social Science Research El-Iqtishady Jurnal Alwatzikhoebillah : Kajian Islam, Pendidikan, Ekonomi, Humaniora Al-Mutsla: Jurnal Ilmu-Ilmu Keislaman dan Kemasyarakatan Al-Ubudiyah: Jurnal Pendidikan dan Studi Islam Hamalatul Qur'an : Jurnal Ilmu Ilmu Al-Qur'an Pappasang Mauriduna : Journal of Islamic studies Formosa Journal of Multidisciplinary Research (FJMR) Jurnal Al-Kharaj: Studi Ekonomi Syariah, Muamalah, dan Hukum Ekonomi AL-QIBLAH: Jurnal Studi Islam dan Bahasa Arab Center of Economic Students Journal (CSEJ) Jurnal Ilmiah Neraca : Ekonomi Bisnis, Manajemen, Akuntansi Edusight International Journal of Multidisciplinary Studies (EIJOMS) IPSSJ
Siradjuddin
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Religion Agriculture, Biological Sciences & Forestry Arts Humanities Civil Engineering, Building, Construction & Architecture Computer Science & IT Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Education Environmental Science Languange, Linguistic, Communication & Media Law, Crime, Criminology & Criminal Justice Public Health Social Sciences Other

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Karl Marx's Socialist Economic Perspective Compared To Umar Bin Abdul Aziz's Islamic Economic Thoughts On Social Justice Pephitasya Juliana; Selfa Rosmita; Siradjuddin
Al-Kharaj: Journal of Islamic Economic and Business Vol. 7 No. 4 (2025): All articles in this issue include authors from 3 countries of origin (Indonesi
Publisher : LP2M IAIN Palopo

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24256/kharaj.v7i4.8581

Abstract

The concept of social justice in societal development. Karl Marx, through his socialist economic theory, highlighted the inequality born of the capitalist system, while Umar bin Abdul Aziz, in the Islamic economic tradition, emphasized the principle of equitable distribution of wealth based on sharia values. This study aims to compare the thoughts of Karl Marx and Umar bin Abdul Aziz from a social justice perspective, while identifying common ground and conceptual differences between the two. The study employed a qualitative approach through library research. The analysis was conducted using a comparative-descriptive method. The analysis shows that Karl Marx rejected capitalism because it resulted in class exploitation and proposed the abolition of private ownership of the means of production in order to create a classless society. In contrast, Umar bin Abdul Aziz maintained the recognition of individual ownership but emphasized distributive justice through zakat, taxes, and redistribution policies. The similarities between the two lie in the goal of creating social justice, but fundamentally different in their ideological foundations: Marx's origins stem from historical materialism, while Umar bin Abdul Aziz's is based on monotheism and Islamic law. This comparison of the thoughts of Karl Marx and Umar bin Abdul Aziz demonstrates that social justice can be understood from both secular and religious perspectives. Marx's thought offers a structural critique of capitalism, while Umar bin Abdul Aziz presents solutions rooted in moral and religious values. Both make important contributions to contemporary social justice discourse
The Relevance of Ibn Tufail's Economic Theory to Modern Economic Thought: A Critical Analysis of the Concept of Rationality and Its Implications for Islamic Economic Development Muhammad Widinur Caronge; Siradjuddin; Idris Parakkasi
Al-Kharaj: Journal of Islamic Economic and Business Vol. 7 No. 4 (2025): All articles in this issue include authors from 3 countries of origin (Indonesi
Publisher : LP2M IAIN Palopo

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24256/kharaj.v7i4.8638

Abstract

The purpose of this study is to analyze the relevance of Ibn Tufail's theory of rationality in Hayy ibn Yaqzan to modern economic thought and its implications for Islamic economic development. This study uses a qualitative method based on a philosophical literature review. This study highlights two main aspects the epistemology of rationality, which emphasizes the independence of reason and empirical experience, and the spiritual ethics of economics, which balances the material and moral dimensions. The results of the study indicate that Ibn Tufail's rationality differs from the purely utility oriented homo economicus. Ibn Tufail offers an integrative rationality that unites reason, ethics, and spirituality, positioning humans as socially and divinely responsible caliphs. The implications of this study can be the basis for formulating Islamic economic policies that are just, sustainable, and oriented towards maqasid al-shariah. This study also recommends further research to develop a model of Islamic rationality in public policy and contemporary economic practice.
Islamic Thought On The Prophet's Leadership And The Khulaf Al-Rashidin: The Real Sector And Public Finance And Its Relevance To The Modern Economy Hayat, Saeed Fayzul; Siradjuddin; Fatimah
Al-Kharaj: Journal of Islamic Economic and Business Vol. 7 No. 4 (2025): All articles in this issue include authors from 3 countries of origin (Indonesi
Publisher : LP2M IAIN Palopo

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24256/kharaj.v7i4.8651

Abstract

This study aims to analyze the economic leadership of the Prophet Muhammad (peace be upon him) and the Caliphs (Rashidun Ulama) in managing the real sector and public financial system, and their relevance to the modern economy. Using qualitative-descriptive methods with a historical and analytical approach through literature review and content analysis techniques, this study examines classical and contemporary sources related to Islamic economics. The results indicate that the principles of justice, transparency, and social responsibility were the foundation of economic policy during that period, manifested through the ethical management of trade, agriculture, and industry, as well as the strengthening of fiscal institutions such as the Baitul Mal (the Islamic Public Treasury) and the Diwan (the Islamic Treasury). This system successfully rejected exploitative practices such as usury, gharar, and maysir (trading), while creating a stable economic structure oriented towards the welfare of the people. These findings demonstrate that classical Islamic economic values are relevant to addressing issues of social inequality, fiscal crises, and weak governance, and can serve as a foundation for developing ethical, inclusive, and sustainable modern economic policies.
Comparison Of The Economic Thought Of Ibn Khaldun, Abu Hamid Al-Ghazali, And Ibn Taimiyyah Related To Prices And Market Mechanisms Nurhikmah; Septiani, Suci; Siradjuddin
Al-Kharaj: Journal of Islamic Economic and Business Vol. 8 No. 1 (2026): All articles in this issue include authors from 3 countries of origin (Indonesi
Publisher : LP2M IAIN Palopo

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24256/kharaj.v8i1.8753

Abstract

This study aims to compare the economic thinking of three great Islamic scholars, namely Ibn Khaldun, Abu Hamid Al-Gazali, and Ibn Taymiyyah, specifically regarding the concept of price and market mechanisms. Ibn Khaldun emphasized the importance of the forces of supply and demand in determining prices and viewed prices as a reflection of socio-economic dynamics. Al-Gazali emphasized the ethical and moral dimensions of trade, emphasizing the prohibition of hoarding and the importance of justice so that market mechanisms do not harm society. Meanwhile, Ibn Taymiyyah emphasized that prices are basically formed naturally through market interactions, but the state has the right to intervene if fraud and injustice disrupt the balance. A comparison of these three figures shows a similar view regarding the role of the market as the main mechanism and price formation, but differs in the emphasis on social, ethical, and regulatory aspects. Classical Islamic economic thought has provided a relevant normative and practical foundation for understanding modern market mechanisms in a just manner
Rekonstruksi Epistemologis dan Genealogi Pemikiran Ekonomi Syariah di Kerajaan Islam Nusantara: Analisis Manuskrip, Institusi Ekonomi, Kebijakan Fiskal, dan Perdagangan dalam Evolusi Peradaban Ekonomi Islam Pramodern Muhammad Widinur Caronge; S. Muhammad Nurcholis Assagaf; Idris Parakkasi; Siradjuddin
Jurnal Alwatzikhoebillah : Kajian Islam, Pendidikan, Ekonomi, Humaniora Vol. 12 No. 1 (2026): Jurnal Alwatzikhoebillah : Kajian Islam, Pendidikan, Ekonomi, Humaniora
Publisher : Institut Agama Islam Sultan Muhammad Syafiuddin Sambas

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.37567/alwatzikhoebillah.v12i1.4634

Abstract

Departing from the limited number of studies that position Islamic economics as a contextual historical product. This research aims to reconstruct the epistemology and trace the genealogy of Islamic economic thought in the pre-modern Islamic kingdoms of the Nusantara by highlighting the role of manuscripts, economic institutions, fiscal policies, and trade practices in shaping the early Islamic economic system of Indonesia. This study employs a qualitative approach using historical discourse analysis, philological examination of Malay Arabic manuscripts, and genealogical mapping of ideas. The findings reveal that the epistemology of Islamic economics in the Nusantara represents a hybrid construction integrating Islamic principles sharia, local customs ‘urf, and maritime trade networks. Institutions such as the baitulmal, hisbah, and syahbandar played crucial roles in establishing equitable fiscal systems and market supervision. The intellectual genealogy demonstrates continuity between royal scholars’ fatwas, state economic policies, and coastal community practices, which later became the conceptual foundation for the development of modern Islamic economics in Indonesia. This study underscores the importance of interpreting Islamic economics through historical, contextual, and epistemological perspectives to uncover its intellectual roots within the Nusantara tradition.
Co-Authors Abd. Hafid Abdul Wahab Affan Alwan Suban Andi Sulfati Asdiansyah asni zubair Aulia Syafirah Dedi Mardianto Dwi Ayu Permitasari, Rika Fajriany S, Imaniar Nur Fatimah Firdaus Firdaus Fitriah Ningsih Hayat, Saeed Fayzul Hayida-o, Saadah Helmy Syamsuri, Helmy Idris Parakkasi Ihwan Wahid Minu Juanda Zulqadri Karmila, Yusri Kasmawati Kessi, Andi Muhammad Fara Kurnaemi Anita Mardiah, Siti Maryam Misbahuddin Moh. Wayong Muhammad Widinur Caronge Murtdiadi Awaluddin Murtiadi Awaluddin Namirah, Alya Nasir Hamzah Nurfadillah Nurhikmah Nurjannah Nurul Fauziyah Nurwahida Parakassi, Idris Pephitasya Juliana R, Wardatul Wahidah. Rahmat Hidayat Retri Dwi Puspitasari Rizki Ananda Rukmanasari, Ita S. Muhammad Nurcholis Assagaf Samirah Saputra, Muh Rustam Selfa Rosmita Septiani, Suci Tuti Supatminingsih Umaleu, Urbanus Wahyuningsih, Sefti Yuniarti, Desi