Islamic Economics & Finance Research Review

Komersialisasi Sungai Dalam Perspektif Ekonomi Islam (Studi Kasus Lubuk Larangan Sungai Batang Gadis)

Edi Marjan Nasution — 2023-08-06

Water is important as a source of life for living things. Commercialization itself is the act of making something as merchandise. Lubuk Larangan is a river restriction not to take fish at a certain time and may be taken after having requirements at a specified time. This study identifies the implementation process of Lubuk Larangan in Mandailing Natal Regency and analyzes it according to the principles of Islamic Economics. The type of research on is a research that is solely based on qualitative descriptive research. Qualitative research using stages, namely data reduction, data presentation and conclusion drawing.

Muhammad Baqir Ash-Shadr Dan Kritiknya Terhadap Riba Dalam Ekonomi Islam

Yusron Ali Sya’bana — 2023-07-28

This article raises the issue of people's rejection of usury practices and the debate around prohibiting bank interest. As a Muslim-majority country, Indonesia is trying to integrate the economy with sharia principles, by not only relying on the views of Sunni scholars. The author's focus in this article is on the views of Shia scholars, especially Bāqir Sadr, a leading scholar in science and technology. Despite his Shia origins, Bāqir Sadr issued a fatwa prohibiting bank interest, even though bank interest is a popular part of the modern economic tool. Bāqir Sadr's view distinguishes between the textualists, who take the law literally, and the contextualists, who consider the modern situation more broadly. Research into Bāqir Sadr's view opens up new perspectives for modern contextualists to seek justification for banning bank interest through the perspective of textuality. By investigating Bāqir Sadr's views, this article provides a new perspective for researchers who are more inclined to a contextual view in addressing the issue of prohibiting bank interest.

Membongkar Perbedaan Worldview: Perspektif Islam Dan Barat Dalam Konsep Ekonomi Ditengah Hegemoni Kapitalisme

Arridho Abduh — 2023-07-28

This article aims to analyze the relationship between Islamic worldview, Islamic economics, and capitalist hegemony in a contemporary context. The Islamic worldview has a unique foundation of values, principles, and beliefs, which encourage economic practices that differ from conventional capitalism. However, in the era of globalization, the dominance of capitalism has affected various aspects of life including the economy in countries with a majority Muslim population. This article will discuss the implications and challenges faced by Islamic economics in the face of capitalist hegemony, as well as efforts to promote an alternative economy based on Islamic values.