Tawhidic Based Public Policy: A Theoretical Overview

Nurul Hilmiyah (Ph.D Student of Islamic Economic, Institut Islam Hadhari, Universiti Kebangsaan Malaysia)
Bayu Taufiq Possumah (Postdoctoral Researcher, Institut Islam Hadhari, Universiti Kebangsaan Malaysia)
Muhammad Hakimi Mohd. Shafiai (Senior Lecturer at Faculty of Economic and Management, Institut Islam Hadhari, Universiti Kebangsaan Malaysia)

Media Syari'ah: Wahana Kajian Hukum Islam dan Pranata Sosial
Vol 17, No 2 (2015)

The role of government is always significant in every aspects of lifecycle of the state. In pursuit this role, government should decide an appropriate policy to face an economic phenomenon. In Islam, the government is a vicegerent of Allah which is government policy is fundamental not merely for progressing of the state itself but also socio economic welfare of the community. The government is, hence the policy should not bias and unequal. Focusing these issues, this paper attempts to formulate the concept on how the government use religious values in establish economic policy based on Tawhidic approach. This paper focuses on the economic role as reflection of the divine nature of Islamic economics by emphasizes not only on the human aspects of economic actors, but also on the rules or a system that must be obeyed by economic actors. Thus, this paper attempts to formulate the concept and the framework of Tawhidic based economic regulation using by descriptive qualitative method.