Islamic Economics
Definition <ul><li>Islamic Economics as a science on how to consume and manage resources for self interest, society in ord...
Al-Falah Maximization <ul><li>Al Falah maximization is to get the blessing of Allah as compared to Conventional economics ...
Islamic Economy Phylosophy <ul><li>The concept of Tauhid  </li></ul><ul><li>The Concept of Rububiyah </li></ul><ul><li>The...
The Objectives of Islamic Economics <ul><li>Economics stability for individual, society and country </li></ul><ul><li>Nece...
Basic principles of Islamic Economics <ul><li>Individual liberty </li></ul><ul><li>Right to property </li></ul><ul><li>Eco...
Islamic Economics Structure <ul><li>Politics/Public  (Siasi) </li></ul><ul><li>Business/ Private (Tijari) </li></ul><ul><l...
Special characteristics of Islamic Economics <ul><li>Resources – Trustee </li></ul><ul><li>Islam approved personal proerty...
Thank you
Upcoming SlideShare
Loading in …5
×

Islamic Finance 2

1,304 views

Published on

Published in: Economy & Finance, Technology
0 Comments
1 Like
Statistics
Notes
  • Be the first to comment

No Downloads
Views
Total views
1,304
On SlideShare
0
From Embeds
0
Number of Embeds
23
Actions
Shares
0
Downloads
0
Comments
0
Likes
1
Embeds 0
No embeds

No notes for slide

Islamic Finance 2

  1. 1. Islamic Economics
  2. 2. Definition <ul><li>Islamic Economics as a science on how to consume and manage resources for self interest, society in order to get the bessing of Allah - Hailani Muji Tahir </li></ul><ul><ul><li>Importance characteristics </li></ul></ul><ul><ul><ul><li>Akidah </li></ul></ul></ul><ul><ul><ul><li>Self interest could become priority as long as it do not affect the interest of the society </li></ul></ul></ul><ul><ul><ul><li>The objectives of Islamic economics is to get the blessing of Allah </li></ul></ul></ul>
  3. 3. Al-Falah Maximization <ul><li>Al Falah maximization is to get the blessing of Allah as compared to Conventional economics which is to maximize profits. </li></ul><ul><li>Just profit instead of max profit </li></ul><ul><li>The inclusion of reward and sin </li></ul>
  4. 4. Islamic Economy Phylosophy <ul><li>The concept of Tauhid </li></ul><ul><li>The Concept of Rububiyah </li></ul><ul><li>The concept of Tazkiyyah </li></ul><ul><li>Judgment day </li></ul><ul><li>Man as the Khalifah </li></ul><ul><li>Equality and Brotherhood </li></ul><ul><li>Ownership Concept – Man as the trustee </li></ul>
  5. 5. The Objectives of Islamic Economics <ul><li>Economics stability for individual, society and country </li></ul><ul><li>Necessity </li></ul><ul><li>Optimum Resource Usage </li></ul><ul><li>Fair distribution of wealth </li></ul><ul><li>Uphold individual freedom </li></ul><ul><li>Equal rights and opportunitie </li></ul><ul><li>Justice and copperation </li></ul>
  6. 6. Basic principles of Islamic Economics <ul><li>Individual liberty </li></ul><ul><li>Right to property </li></ul><ul><li>Economic inequality with natural limits </li></ul><ul><li>Social equality </li></ul><ul><li>Social security </li></ul><ul><li>Wider circulation of wealth </li></ul><ul><li>Prohibition of accumulation of wealth to certain group </li></ul><ul><li>Prohibition of anti-social institutions </li></ul><ul><li>Social and individual welfare </li></ul>
  7. 7. Islamic Economics Structure <ul><li>Politics/Public (Siasi) </li></ul><ul><li>Business/ Private (Tijari) </li></ul><ul><li>Social/ Voluntary (Ijtimai’) </li></ul>
  8. 8. Special characteristics of Islamic Economics <ul><li>Resources – Trustee </li></ul><ul><li>Islam approved personal proerty ownership but public interest exceeds individual interest </li></ul><ul><li>Al-Taa’wun </li></ul><ul><li>Property as a productive resource and not selfish end </li></ul><ul><li>Public ownership for certain industry </li></ul><ul><li>Taqwa to avoid oppression, fraud, unlawful profit, discrimination </li></ul>
  9. 9. Thank you

×