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Main Economic Problems: Conventional and Islamic Perspectives Yosi Mardoni; Muhammad Fauzi; Duhriah Duhriah; Faisal Efendi; Kusnadi Kusnadi
Journal of Islamic Economics and Finance Studies Vol. 1 No. 1 (2025): June
Publisher : Journal of Islamic Economics and Finance Studies

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Abstract

This study aims to analyze the main economic problems from conventional and Islamic perspectives. This is based on the fact that conventional economists view the main problem of economics as scarcity. Scarcity occurs as a result of an imbalance between society's needs. However, Muslim economists have different views from conventional economists, even within Muslim economists they still have different opinions regarding the main economic issues. In this research, the methodology used is descriptive with a qualitative approach. The data used is secondary data in the form of literature which discusses the object of this research. Research analysis was carried out in steps, such as material collection, descriptive analysis, discussion and intuitive-subjective evaluation of the material. The findings show that  there is a fundamental difference in the perspective on the main economic problems between conventional economic views and Islamic economics.. Conventional economics focuses more on product objects so that the focus of problems is centered on the limitations and scarcity of products in order to meet human physical needs only. This perspective is different from Islamic economics which places greater emphasis on human objects so that the focus of problems is not only focused on products alone, but also on human empowerment to be able to prosper themselves, their families, society and the country. This is one of human efforts in realizing/maintaining Maqashid Sharia (Mashlahah) and achieving Falah. Islam views that human dignity is an essential thing, so that every human being plays a role in achieving happiness in life.
Dekonstruksi Konsep Kesejahteraan: Analisis Komparatif Paradigma Ekonomi Konvensional dan Ekonomi Islam Berbasis Instrumentasi Maqasid Syariah Imam Asy-Syathibi Kusnadi Kusnadi; Taufik Taufik
Jurnal Hukum Ekonomi Syariah : AICONOMIA Vol. 3 No. 2 (2024): Jurnal Hukum Ekonomi Syariah : AICONOMIA
Publisher : Fakultas Syariah IAIN Kerinci

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32939/acm.v5i1.7530

Abstract

The measurement of societal welfare currently faces a conceptual and epistemological crisis driven by the dominance of a conventional economic paradigm that is inherently materialistic, secular, and utilitarian. Conventional quantitative monetary indicators—such as GDP, alongside metrics from BPS and BKKBN—have proven blind to wealth distribution, neglectful of moral degradation, and prone to the Easterlin Paradox. This study aims to conduct an epistemological deconstruction of the conventional welfare concept and operationalize Imam Asy-Syathibi’s Maqasid Shariah framework to reformulate and re-map conventional material indicators (BPS and BKKBN) into a holistic welfare matrix. Employing a qualitative library research design, this study utilizes a descriptive-comparative and deconstructive approach analyzed through qualitative content analysis. The findings reveal that conventional physical-material indicators should not be discarded entirely; rather, they must be repositioned as instrumental means (dharuriyah-hajiyah) under the pillars of protecting life (Hifz an-Nafs) and wealth (Hifz al-Mal). Crucially, the validity of these material achievements is strictly governed by a moral filter system grounded in the protection of religion (Hifz ad-Din), intellect (Hifz al-'Aql), and lineage (Hifz an-Nasl). The implications of this study propose a strategic action plan advocating for the adoption of the Maqasid Shariah Welfare Index (MSWI) as a complementary national evaluation tool for policy-makers, as well as a comprehensive benchmark for evaluating empowerment outcomes in Islamic social finance institutions (ZISWAF).