Southeast Asia Journal of Graduate of Islamic Business and Economics
Vol. 4 No. 2 (2025): September

The Concept Of Islamic Economics In The School Of Baqir Al-Shadr: Introduction

Kartika (Unknown)
Rahman Ambo Mase (Unknown)
Muslimin H. Kara (Unknown)



Article Info

Publish Date
22 Jul 2025

Abstract

This study aims to analyze the Islamic economic thought of Baqir Al-Shadr, with a particular focus on the distinction between conventional economics and Islamic economics, as well as his concepts of ownership, wealth distribution, production, and consumption. Employing a qualitative approach through a structured literature review, the research examines Baqir Al-Shadr's seminal works, Iqtishaduna and Falsafatuna, alongside relevant secondary literature on Islamic economics. The findings reveal that Baqir Al-Shadr firmly differentiates Islamic economics from conventional economics by grounding it in moral, ethical, and social justice principles derived from Islamic teachings. He advocates for a balanced system where the state plays an active role in ensuring equitable wealth distribution and production that prioritizes public welfare. Furthermore, his views on ownership emphasize limited private rights and promote the management of resources for collective benefit. These insights contribute to the theoretical development of Islamic economics and highlight its potential as a viable alternative for establishing a more just and sustainable global economic order.

Copyrights © 2025






Journal Info

Abbrev

SAJGIBE

Publisher

Subject

Decision Sciences, Operations Research & Management Economics, Econometrics & Finance

Description

Jurnal SAJGIBE terbit tiga kali setahun. Artikel harus ditulis dalam bahasa Inggris dan Indonesia, jurnal peer-review, dan mengkhususkan diri pada Ekonomi Islam. Semua makalah, artikel penelitian yang masuk ke jurnal online ini akan direview oleh 2 (dua) reviewer. Setelah naskah dikirimkan oleh ...