Saturday, April 7, 2018

PHILOSOPHY&PRINCIPLES OF ISLAMIC ECONOMICS

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PHILOSOPHY OF ISLAMIC ECONOMIC
-Based on concept of tauhid.
-Obey in order of Allah.
-Accept a faith and trust to Allah.

PRINCIPLES OF ISLAMIC ECONOMIC
1. Ownership (Milkiyyah)
-Ownership based to Shariah
-Types of ownership are:
Full ownership
Part Ownership
2.     Social Justice

ECONOMIC ACTIVITIES
1.     Apply moral values in life.
Example: Care of human right.
2.     Society guarantee.
Example: Care of poor people right such as pay the zakat.
3.     Fair and square.
Example: All people must has the same opportunity.
4.     Against of usury.

Example: Cannot deny the other people right in profit.

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