Abstrak. The strategic role of Islamic consumption and investment in the economic development of developing countries, especially Indonesia. Amidst the challenges of economic modernization and social inequality, consumption and investment based on sharia principles are believed to be able to contribute significantly to equitable and sustainable growth. Through a literature approach, this paper outlines the principles of Islamic consumption and investment and their relevance in the context of development. Islamic consumption emphasizes ethics, balance, and social responsibility, while Islamic investment promotes justice, transparency, and social benefit. Optimizing these two aspects, including the utilization of instruments such as zakat and waqf, can strengthen the foundations of the national economy as well as realize the overall welfare of the people.
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