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All Journal Journal Of Business, Finance, and Economics (JBFE)
M. Syawal Pitriyadi
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Economics, Econometrics & Finance

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Pemikiran Islam Kontemporer (Muhammad Baqir Al-Sadr, Ibrahim Umar Vadillo, M. Umer Chapra) Arofiani Mutmainah; Habibah Ramadhani Nasution; M. Syawal Pitriyadi; Fitri Hayati
Journal Of Business, Finance, and Economics (JBFE) Vol 6 No 1 (2025): Juni : Journal Of Business, Finance, and Economics (JBFE)
Publisher : Universitas Veteran Bangun Nusantara

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32585/jbfe.v6i1.6667

Abstract

This research discusses the thoughts of three contemporary Islamic figures—Muhammad Baqir al-Sadr, Ibrahim Umar Vadillo, and M. Umer Chapra—in the field of Islamic economics. Muhammad Baqir al-Sadr offers an economic system based on monotheism with an emphasis on fair distribution of wealth and multi-level ownership as an alternative to capitalism and socialism. Ibrahim Umar Vadillo criticizes the use of paper money and advocates the re-implementation of the gold dinar and silver dirham to create monetary stability based on intrinsic value. Meanwhile, M. Umer Chapra develops an Islamic economic approach based on maqashid sharia to realize welfare and social justice, and criticizes the materialistic conventional economy. The thoughts of these three figures not only offer solutions to global economic inequality, but are also relevant to be applied in efforts to build a more just and sustainable economic system in the modern era.
Co-Authors Arofiani Mutmainah Fitri Hayati Habibah Ramadhani Nasution