Journal of Sharia Economics
Vol. 7 No. 1 (2026): Islamic Economics

THE MORAL PARADIGM OF ISLAMIC ECONOMICS: PHILOSOPHICAL REFLECTIONS ON TAWHID, JUSTICE, AND SOCIAL RESPONSIBILITY IN THE GLOBEL CONTEXT

Sihotang, Mutiah (Unknown)
Muhammad Yafiz (Unknown)



Article Info

Publish Date
01 Apr 2026

Abstract

The development of the global economy, marked by market liberalization, digitalization, and the dominance of material rationality, has given rise to various structural problems, such as social inequality, moral crises, and the degradation of human values. This article aims to examine the fundamental principles of Islamic economics as a moral economic paradigm rooted in the philosophy of tawhid, justice, and social responsibility. This study employs a qualitative approach using a library research method, conducted through conceptual analysis of both classical and contemporary Islamic economics literature. The findings indicate that tawhid functions as the ontological and epistemological foundation of Islamic economics, integrating spiritual, ethical, and rational dimensions within economic activities. The principles of justice and balance ensure a proportional distribution of resources while preventing exploitation and structural inequality. Meanwhile, economic freedom in Islam is invariably linked to moral and social responsibility, reinforced through the values of brotherhood (ukhuwwah) and Islamic socio-economic instruments. This article affirms that Islamic economics is not merely an alternative system, but a moral paradigm that is highly relevant in addressing contemporary global economic challenges.

Copyrights © 2026






Journal Info

Abbrev

JoSE

Publisher

Subject

Economics, Econometrics & Finance

Description

Journal of Sharia Economics focuses on the studies pertaining to the field of Islamic Economics and Finance. Journal of Sharia Economics welcomes the contributions from related academicians and practitioners on the following topics: Islamic banking Islamic insurance/ takaful Islamic accounting ...