Basic Principles of Islamic Economics from a Sharia Perspective
DOI:
https://doi.org/10.38035/vyfvhn87Keywords:
Islamic economics, Sharia, justice, riba, zakat, risk-sharing, wealth distribution, ethical financeAbstract
The abstract Islamic economics is a comprehensive system that integrates ethical, spiritual, and socio-economic dimensions based on the teachings of the Qur’an and Sunnah. Unlike conventional economics, which often emphasizes material gain and profit maximization, Islamic economics is grounded in the principles of justice ('adl), welfare (maslahah), and the prohibition of exploitation (zulm). This article explores the fundamental principles of Islamic economics from the perspective of Sharia, including the prohibition of riba (interest), the obligation of zakat (almsgiving), the encouragement of fair trade, and the promotion of risk-sharing contracts such as mudarabah and musyarakah. The concept of ownership, wealth distribution, and the role of the state in economic regulation are also analyzed. Through a normative approach rooted in Islamic jurisprudence, this article seeks to demonstrate how these principles contribute to a just and equitable economic order that prioritizes human dignity, communal well-being, and moral accountability.
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