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ETIKA PEMBENTUKAN HARGA DAN PRAKTIK EKSPLOITATIF DALAM PEMIKIRAN AL-GHAZALI Novika, Aulia; Waluyo, Agus
JSE: Jurnal Sharia Economica Vol. 5 No. 1 (2026): Januari
Publisher : LPPM STAI Muhammadiyah Probolinggo

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.46773/65cty487

Abstract

Price is a central element of the market mechanism that functions not only as a determinant of exchange value but also carries broad social implications. In practice, prices are often distorted by various exploitative practices, causing markets to lose their function of fairness. This article is situated within the discipline of Islamic economics and aims to analyse the ethics of price formation and practices of market exploitation in Al-Ghazali’s thought. The study employs a qualitative approach using a library research design. Data are collected through an examination of primary sources in the form of Al-Ghazali’s works, particularly Iḥyā’ ‘Ulūm al-Dīn, as well as secondary sources consisting of relevant contemporary academic journals and books. The analysis is conducted using a normative–critical approach, with principles of justice and public welfare (maslahah) serving as the main analytical framework. The findings indicate that Al-Ghazali conceives the market as a moral institution and views price as a reflection of the ethical quality of the relationship between sellers and buyers. Practices such as riba, ihtikar, tadlis, and ghaban are understood as forms of distortion of just pricing. The theoretical contribution of this article lies in its affirmation of market exploitation as a problem of price ethics rather than merely a technical economic violation. These findings provide an important normative foundation for understanding market justice from the perspective of Islamic economics. Keywords: Al-Ghazali; Ethics; Market Justice; Market Exploitation
KONSEP RASIONALITAS KONSUMSI MUSLIM Novika, Aulia; Bawono, Anton
International Journal Mathla’ul Anwar of Halal Issues Vol. 6 No. 1 (2026): Maret
Publisher : Universitas Mathla’ul Anwar Banten

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Abstract

Era of globalization has reshaped the consumption patterns of Muslim communities. This study aims to examine the rationality of Muslim consumption from the perspective of Islamic economics, particularly through the principle of halalan thayyiban. A qualitative approach was employed, relying on a literature review of recent journals and reports on Islamic economics. The findings indicate that modern Muslim consumers consider not only economic factors but also spiritual, moral, and social values when making consumption decisions. The principle of halalan thayyiban serves as a standard of Islamic rationality, balancing worldly needs with spiritual orientation. Nevertheless, the implementation of this principle faces challenges from consumerist culture, social media influence, and limited access to information within households. Awareness of religious values, nutritional literacy, and social support are crucial for maintaining consistency in Islamic consumption practices. This study recommends adopting a new paradigm for evaluating Muslim consumption rationality that emphasizes welfare, ethical integrity, and spiritual blessing.
Krisis Kebahagiaan di Tengah Perilaku Konsumtif Perspektif Al-Ghazali Lailia, Khusnul; Novika, Aulia; Rosia, Rina; Waluyo, Agus
EKOBIS SYARIAH Vol. 10 No. 1 (2026): Modern Islamic Economic Paradigm: The Synergy of Technology, Social Finance, a
Publisher : Universitas Islam Negeri Ar-Raniry Banda Aceh

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.22373/ekobis.v10i1.35103

Abstract

This research aims to examine the happiness crisis in modern society influenced by the dominance of materialism and consumerism, and to offer alternatives through the perspective of Imam Al-Ghazali's thought. In conventional economics, happiness is generally measured through utility and consumption satisfaction, but this approach has yet to comprehensively explain the spiritual and psychological dimensions of humans. This research uses a qualitative approach with a library research method through the study of Al-Ghazali's main works, particularly Ihya’ Ulumuddin, as well as various contemporary literatures on consumerism, happiness, and well-being psychology. Data were analysed using the content analysis method to systematically identify, categorise, and interpret the main concepts. The research results show that material-based happiness is illusory and temporary, and is correlated with increased anxiety and life dissatisfaction. The novelty of this research lies in the effort to reconstruct Al-Ghazali's concept of qana’ah not only as a spiritual value but also as an ethical and psychological mechanism in responding to modern consumer culture. Al-Ghazali places true happiness in the spiritual dimension through self-control, balance between needs and desires, and closeness to God. Therefore, the integration of spiritual values into economic activities becomes important to achieve a more holistic, sustainable, and relevant welfare in the face of modern societal challenges.