Rihlah Iqtishad: Jurnal Bisnis dan Keuangan Islam
Vol. 2 No. 1 (2025): Islamic Business and Financial Innovation

Transformation Towards a Sharia-Based Economy: Theory, Practice and Social Implications

Arum Khairunnisa (Unknown)
Muhammad syam'ani (Unknown)
Rahma putri widyaningsi (Unknown)
Anna Tiara Rahma (Unknown)
Eko Nursalim (Unknown)



Article Info

Publish Date
28 Feb 2025

Abstract

Sharia economics is an economic paradigm based on Islamic principles, which includes aspects of finance, investment and distribution of wealth by complying with Islamic laws. This concept emphasizes fairness, transparency and sustainability in various economic activities. In this journal, we will explore several key aspects of Islamic economics from a theoretical and practical implementation perspective. Sharia economic theory integrates Islamic principles into the existing economic framework. One of the main principles is the prohibition of usury (riba al-duyun), which prohibits the practice of interest in the financial system. This encourages the development of alternative financial instruments such as mudharabah (profit sharing) and murabahah (buying and selling with a markup). (Amalia 2020). Apart from that, the sharia economic concept also emphasizes distributive justice, where wealth and natural resources must be distributed fairly among society. These principles are reflected in zakat (religious donations) and sadaqah (voluntary donations), which are important instruments in the redistribution of wealth to overcome social inequality

Copyrights © 2025






Journal Info

Abbrev

i

Publisher

Subject

Religion Economics, Econometrics & Finance Social Sciences

Description

Rihlah Iqtishad: Jurnal Bisnis dan Keuangan Islam is peer-reviewed journal published by Hellow Pustaka Publisher. The journal is aimed to publish research contributing to the development of theory, practice, and policy making in Islamic Business and Finance. It therefore intends to create an ...