International Journal of Economics (IJEC)
Vol. 4 No. 2 (2025): July-December

Basic Concepts of Islamic Economics

Rinda Asytuti (Unknown)
Amelia, Cahya (Unknown)
Hernawati (Unknown)
Aulia, Zahira Iza (Unknown)



Article Info

Publish Date
29 Dec 2025

Abstract

This study explores the foundational principles of Islamic economics, emphasizing ethical values derived from Sharia as the basis for economic activity. Unlike conventional systems that prioritize profit maximization and interest-based transactions, Islamic economics promotes justice, balance, and shared responsibility. Through a qualitative literature approach, the research examines key concepts such as ownership as a trust from God, the role of wealth in achieving social welfare, and the prohibition of riba as a means to prevent exploitation. Money is viewed not as a tradable commodity, but as a tool meant to facilitate productive and fair exchange. The study concludes that the implementation of Islamic values—particularly tawhid, justice, brotherhood, and profit-sharing-aims to establish an economy that is sustainable, equitable, and spiritually oriented

Copyrights © 2025






Journal Info

Abbrev

ijec

Publisher

Subject

Economics, Econometrics & Finance

Description

International Journal of Economics (IJEC) E-ISSN. 2961-712X is a refereed publication that comes to address the Economic and Administration challenges that economic units of various nature face in today’s rapidly changing international economic environment. It is designed to publish original and ...