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All Journal AT TA´DIB MUSLIM HERITAGE: JURNAL DIALOG ISLAM DENGAN REALITAS AT-TURAS: Jurnal Studi Keislaman Pena Justisia: Media Komunikasi dan Kajian Hukum Al-Adl : Jurnal Hukum Proceeding International Seminar of Islamic Studies ATHENA: Journal of Social Culture and Society Jurnal Darussalam : Pemikiran Hukum Tata Negara dan Perbandingan Mazhab Muslim Heritage Al-Washliyah: Jurnal Penelitian Sosial dan Humaniora Interdisciplinary Explorations in Research Journal (IERJ)
Jalaluddin Jalaluddin
UIN Antasari Banjarmasin
Religion Arts Humanities Astronomy Economics, Econometrics & Finance Education Languange, Linguistic, Communication & Media Law, Crime, Criminology & Criminal Justice Mathematics Physics Social Sciences Other

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Moral Ekonomi Islam, Maqasid Syari’ah dan Kapitalisme Ansharullah Ansharullah; Jalaluddin Jalaluddin; Zainal Abidin; Zaki Mubarak
Interdisciplinary Explorations in Research Journal Vol. 4 No. 2 (2026)
Publisher : PT. Sharia Journal and Education Center

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.62976/ierj.v4i2.1973

Abstract

This article examines the relationship between Islamic moral economy, maqasid al-shari'ah, and the practices of Islamic financial institutions within the context of modern capitalism. The study employs a library research method with a descriptive-critical approach to the literature on Islamic economics, maqasid al-shari'ah, and Islamic finance. The findings reveal that Islamic economics is fundamentally grounded in the principles of tawhid, justice, public welfare, and balance, aiming to establish a human-centered economic system. However, in practice, many Islamic financial institutions have increasingly converged with the capitalist financial system, prioritizing profitability over moral and social values. The dominance of debt-based financing, particularly murabahah, reflects a shift from the principle of risk sharing toward risk transfer, resulting in the incomplete realization of the substantive objectives of maqasid al-shari'ah. Furthermore, the classical framework of maqasid al-shari'ah requires reinterpretation to address contemporary economic challenges related to social justice, community empowerment, and environmental sustainability. This article argues for the reorientation of Islamic finance toward the principles of Islamic moral economy, emphasizing justice, partnership, and collective welfare as the primary objectives of Islamic financial institutions.
Co-Authors Abdul Hafiz Sairazi Agus Bambang Nugraha Ahmad Rasyidi Halim Ahmadi Hasan Ahmadi Hasan Akhmad Sukris Sarmadi Akhmad Sukris Sarmadi Ansharullah Ansharullah Arne Huzaimah Bahran Basri Darwin Sagala Hamdan Mahmud Huzaini Husin Julhadi Julhadi Karimuddin Abdullah Lawang Lahmudinur Lahmudinur M Fahmi Al Amruzi Mahardhani, Ardhana Januar Muhammad Lutfi Muta'allim Muta'allim Nadiyah Nadiyah Nasrur Rahman Nawiruddin Nawiruddin Nor Ipansyah Nor Ipansyah Rakhmat Nopliardy Rika Sasralina Rusdiyah Rusdiyah Sa'adah Sa'adah Sardjana Orba Manullang Titin Samsudin Vivit Fitriyanti Zainal Abidin Zaki Mubarak