COMSERVA: Jurnal Penelitian dan Pengabdian Masyarakat
Vol. 4 No. 5 (2024): COMSERVA : Jurnal Penelitian dan Pengabdian Masyarakat

Understanding Islamic Economics as an Islamic Moral Economy

Ahmadi, Abdul Zahoor (Unknown)
Afifah, Ade Muthia (Unknown)
Qarar, Walid (Unknown)
Atiqi, Hasibullah (Unknown)



Article Info

Publish Date
20 Sep 2024

Abstract

This study explores Islamic economics as a moral economy, emphasizing its ethical foundations derived from Shariah principles. Islamic economics contrasts with conventional systems by prioritizing justice, social welfare, and the equitable distribution of wealth over profit maximization. Key concepts such as Zakat (almsgiving), the prohibition of Riba (interest), and ethical financial practices aim to address global economic challenges like inequality, poverty, and financial instability. Through a qualitative case study, this research critically analyzes how Islamic economic principles can be applied to contemporary economic issues. The study highlights both the potential of Islamic economics to offer sustainable and equitable solutions and the challenges of integrating these principles into global financial systems, particularly due to diverse interpretations and structural limitations. The findings contribute to a deeper understanding of how Islamic economics can inspire ethical reforms in global economic practices.

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Journal Info

Abbrev

comserva

Publisher

Subject

Humanities Economics, Econometrics & Finance Education Industrial & Manufacturing Engineering Social Sciences

Description

The mission of COMSERVA : Indonesian Jurnal of Community Services and Devleopment as the result of community services activities. The activities are including the implementation of science development and applied technology to empower society and realize sustainable development. The journal ...