Showing posts with label Islamic Economics. Show all posts

Deconstruction of Capitalism and Reconstruction of Islamic Economic

Financial disaster struck the country the superpower United States. Several world-class giant banks that have mastered to various parts of the world fall. Starting from the bankruptcy of Lehman Brothers, the giant banks and giant financial company Bear Stearns. Moments earlier, the U.S. government was forced to take over the largest mortgage companies in America; Freddie Mac and Fannie Mae while Merrill Lynch had not much different conditions to be acquired by Bank of America. Finally the largest insurance company AIG (American International Group) shows the same critical phenomenon.

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Islamic Economic Development

The development and progress of Islamic financial practices are fantastic, has changed the map of thought and the world's financial practices significantly. Although born in 1975 (refer to the establishment of the Islamic Development Bank / IDB in Jeddah), discourse and practice of Islamic finance has penetrated both developed and developing countries on five continents. In fact, before the IDB stands, the format of Islamic economics and finance are blurred.

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Contribution of Muslim Scientists to Development Economics

scientific yes, history yes, including work in the economic field. Even a person can be considered defected from the teachings of God when in conflict with, and the death penalty would be given to him. Told In the dark ages, the western world experienced a setback in the field of science.

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Establish Network of Islamic Economics Research

Although the practices of Islamic economics and finance including Islamic banking in the country have shown significant progress in recent years, but challenges to future development will obviously not always easy. Therefore, the various supporting elements should continue to be optimized to help accelerate progress in the Islamic economic future.

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Islamic Economics as a Counter of Conventional Economics

Introduction
In accordance with historical facts, truth and positivistic sekularistik offered by conventional economics had generated a lot of discrepancies that cause humanitarian crises. science is recognized as a free value (value free) is berprentensi to perpetuate injustice created by the owners of capital.

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Prophetic spirit of Islamic Economics

Positivism and Secularism, that was the root problems that led to the emergence of a new paradigm in the development of science today, one of which is the science of Islamic Economics. Positivism assumes that all reality is there are objects that can only be measured using a logic truth value of cause and effect (causality). Therefore, conventional economics, which stood on this philosophical foundation will consider himself free value (value free), so scientists have to keep a distance from the object observed. With this philosophy, then indirectly conventional economics has been transformed into a "guard dog" for the interests of the capitalists.

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Methodology of Islamic Economics

Definition and Objectives
There are various definitions of Islamic Economics, according to economists and Muslim intellectuals. Two of the various terms are: Islamic Economics is a social science which studies the economic problems of the people who have the Islamic values (Mannan, 1997, p. 19). Islamic Economics is the branch of science that helps to realize human welfare through the allocation and distribution of resources which are scarce in accordance with maqashid (Chapra, 2000, p. 125). However, in essence can be perceived that the science of Islamic Economics is the study of human efforts in allocating resources to meet the needs of life in ways consistent with Islamic teachings.

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