Islamic and Sharia Finance

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Jumat, 15 Juli 2016

Islamic Economic



Islamic or Shari Economic is the study of human economic behavior whose behavior is governed by the rules of Islam and monotheism constituted with as summarized in the pillars of faith and the pillars of Islam.

Work is an obligation that Allah commanded him, as his word in the letter At Taubah verse 105: "And say, labor ye, because Allah and His messenger and those who believe will see that job."


Objectives of Islamic Economics

Because bringing work on forgiveness, as Sabda Prophet Muhammad: "Whoever is at a time when the afternoon fatigue because of his work, then in the afternoon he got a pardon."
(HR.Thabrani and Baihaqi)
All the rules derived Allah in the Islamic system leads to the achievement of goodness, prosperity, virtue, and eliminate crime, misery, and loss on the whole of His creation. Similarly, in economic terms, the aim is to help people achieve a victory in the world and in the hereafter.

An Egyptian jurists named Prof.Muhammad Abu Zahrah said that there are three objectives of Islamic law that indicate that Islam was revealed as a mercy to all mankind, namely: 1. Sanctification soul so that every Muslim could be a source of good for the community and environment. 2. The resilience of justice in society. Justice is meant to cover all aspects of life in the field of law and muamalah. Islam recognizes private property within certain limits.

3. The reach maslahah (final goal of islamic economy). The scholars agreed that the maslahah become top final goal that consist of five basic guarantee: · Safety of religious beliefs (al din) · Safety intellect (al-aql) · Safety soul (al-nafs) · Safety possessions (al mal) · The safety of the family and descendants (al nasl) The Principles of Islamic Economy
Broadly speaking, Islamic economics has a few basic principles: 1. Resources are seen as granting or the trust of Allah to mankind.
2. Islam prohibits usury in all its forms, because usury harm to anyone else.

3. The main driving force of Islamic economics is cooperation. 4. Economic Islam rejects the accumulation of wealth controlled by the few. 5. Islamic Economic ensure community ownership and use is planned for the interests of many people. 6. A mulsim must fear Allah and the determination in the hereafter. 7. Zakat must be paid on wealth that has met the limit (Nisab).

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