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Ontology: Examining Ibn Khaldun's Concept of Islamic Economics Husnurrosyidah Husnurrosyidah; Ihsan; Nur Said; Islahuddin
Paradigma: Jurnal Filsafat, Sains, Teknologi, dan Sosial Budaya Vol. 32 No. 1 (2026): Paradigma: Jurnal Filsafat, Sains, Teknologi, dan Sosial Budaya
Publisher : Universitas Insan Budi Utomo

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33503/paradigma.v32i1.2447

Abstract

This study aims to determine the ontological basis of Islamic economics, particularly Ibn Khaldun's concept of Islamic economics. The research method used in this study is library research. The results of the study indicate that ontology in Islamic economics is based on divine revelation, which distinguishes it from conventional economics based solely on human rationality. This is manifested in basic principles such as the belief that natural resources are sufficient to meet human needs, the importance of limiting consumption, and the necessity of equitable distribution of wealth. These concepts aim to ensure that all economic activities are in line with the role of humans as caliphs on earth. Ibn Khaldun's thinking reinforces this ontological foundation. He sees economic phenomena, such as price mechanisms and the division of labour, as manifestations of divine order (sunnatullah). Ibn Khaldun also argues that labour is the true source of value. The wealth of a country comes from real productivity, and fair taxation is an instrument for realising justice (al-'adl) and the prosperity of civilisation (umran). Thus, both in general and through the thinking of Ibn Khaldun, Islamic economic ontology asserts that all economic activities must be subject to the ethics and objectives set by Allah SWT to achieve prosperity in this world and the hereafter.
Wooden Coins vs Fiat Money: An Interdisciplinary Analysis of Sharia Economics and Javanese-Islamic Socio-Cultural Preservation in the Sarwono Market Husnurrosyidah Husnurrosyidah; Umma Farida; Mohammad Dzofir; Zainal 'Arifin
Jurnal Paradigma Vol 18 No 1 (2026): April
Publisher : STAI MA'ARIF MAGETAN, INDONESIA

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.53961/paradigma.v18i2.503

Abstract

This study analyzes the Sarwono Market in Wonosoco Village, Kudus, Central Java as an innovative model of sharia economics with an interdisciplinary approach through the comparison of the transaction system of wooden coins compared to fiat money. It is motivated by the challenges of the post-pandemic village economy from dependence on the primary sector and the erosion of local culture. The Sarwono Market has been managed by BUMDes Wonorekso since December 2022 as a case study that integrates the principles of muamalah and justice (without gharar and riba) in accordance with the sharia economy, the sustainability of the village economy and the preservation of Javanese-Islamic socio-culture. Using an interdisciplinary methodological approach, this study combines the analysis of the Qur'an and Hadith on muamalah, sociological theories to explain mutual cooperation solidarity between citizens and cultural anthropology. Data collection was done through field observation and interviews with BUMDes managers, traders and visitors. The results show that the wooden coin system (Rp2,000 per piece, mandatory exchange at the counter) offers a transparent and stable alternative to fiat money which is prone to inflation so as to realize muamalah justice and turnover redistribution for the people. In addition, the Sarwono market strengthens economic sustainability through the empowerment of local MSMEs and tourism. While preserving culture such as wayang klitik, village specialties and nature-human harmony on the Jati Sewu pedestal of Sarwono village. The Sarwono market proves the potential of the local economy based on Javanese-Islamic wisdom to increase people's income. This research contributes to interdisciplinary Islamic studies in the fields of economics, sociology and cultural anthropology.