Proceedings of The International Conference on Business and Economics
Vol 3 No 1 (2025): Proceeding of The International Conference on Business and Economics

The Role of Islamic Economics in Managing Wealth and Curbing the Culture of Hedonism to Achieve Maximum Utility

Eli Febriani (Unknown)
Yerna Wiza (Unknown)
Fofi Hanifa Seftiani (Unknown)
Ferdi Prayoga (Unknown)
Iiz Izmuddin (Unknown)



Article Info

Publish Date
14 Mar 2025

Abstract

The crazy rich phenomenon as a form of modern materialism and hedonism has poisoned the lives of the young generation of Indonesia in the current millennial era. They have been eroded by worldly pleasures. Tempted by the glamorous and luxurious lifestyle of the crazy rich, they are willing to show off their wealth that is not actually theirs. The purpose of this study is to determine wealth in the Islamic perspective. Qualitative research methods with a descriptive approach are sourced from literature study data. Wealth should be used for social interests, such as through zakat, alms, and fair economic activities. Islam emphasizes the importance of using wealth responsibly to meet basic needs and improve people's welfare, without forgetting simplicity as the main principle. Wealth must be obtained and used in a halal way, not for things that are in vain or violate sharia, and support the values of justice and blessings.

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Journal Info

Abbrev

icbe-untagsmg

Publisher

Subject

Decision Sciences, Operations Research & Management

Description

Management research (such as Marketing Management, Financial Management, HR Management, Operations/Production Management, Business Management, etc.) and/or Entrepreneurship as knowledge development Tourism research (hospitality, hotels and restaurants, tourist destinations, tourism development, tour ...