ILMU USHULUDDIN
Vol. 10, No. 1, July 2023

COMPATIBILITY OF ISLAM AND CAPITALISM: DIMENSIONS OF CAPITALISM IN THE QURAN

Baharuddin, Didin (Unknown)
Anwar, Hamdani (Unknown)



Article Info

Publish Date
31 Jul 2023

Abstract

This study aims to explore the compatibility of capitalism and Islam. Capitalism, which is identical with self-centeredness and greed, is often at odds with Islam. Have we employed some descriptive, interpretation, and philosophical approaches, this study concludes that capitalism and Islam are compatible. The Quran mentions several characteristics of capitalism, such as private ownership and profit maximization. Private ownership and capital accumulation are permitted in Islam, and the freedom to own property is a measure of productivity. Profit maximization, which is the core of capitalism, is also available in the Quran. Islam permits profit-taking within certain parameters. This situation demonstrates the compatibility of capitalism and Islam. However, it is necessary to incorporate Islamic norms to make capitalism more compatible with Islam.

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Journal Info

Abbrev

ilmu-ushuluddin

Publisher

Subject

Religion Education

Description

Ilmu Ushuluddin specializes in U??l al-D?n which concern to Qur’an and ?ad?th, Religious, Islamic Philosophy studies, and Islamic studies in general, and is intended to communicate original researches and current issues on the ...