Proceedings of the 2018 International Conference on Islamic Economics and Business (ICONIES 2018)

Revitalization and Actualization of Religious Values to Realize Civilized Wasathiyah Economy

Authors
Muhammad Djakfar
Corresponding Author
Muhammad Djakfar
Available Online October 2019.
DOI
10.2991/iconies-18.2019.29How to use a DOI?
Keywords
revitalization and actualization, religious values, wasathiyah economy, civilized
Abstract

the existing economic system in the world can be mapped into two categories. The first is the secular group separating economic matters and transcendental religious values as shown by the capitalism and socialism. Its fundamental source is from human thinking products. The second is the spiritual group believing that economic matter is inseparable from spiritual norms from divine teaching such as Quran and Sunnah. In reality, as reported by the experts, secular system, in its implementation, has many weaknesses such as the existing discrepancy and injustice bringing disadvantage for society. To prevent them, it is important to search for the solution. However, economic activities normatively are inseparable from transcendental spiritual values from religious teaching. The experts of Islamic economy agree that the divine aspect (uluhiyyah-rububiyyah-tawhid) is the most essential value source which can guide human being based on the regulation of Allah. Islam teaches that the economic activities involve both worldly and hereafter dimension, physical and spiritual dimension (as worship, Adz-Dzaariyaat, 51: 56). For example, it is important to protect manufacturer and consumer, and employer and employee. Those are the picture of values in Islam which need to be the pivot of wasathiyah economy power (Al-Qashash, 28:77; Al-Ma’arij, 70:24-25) and be revitalized and applied in the economic activities in order to achieve economic justice in the globalization era

Copyright
© 2019, the Authors. Published by Atlantis Press.
Open Access
This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

Download article (PDF)

Volume Title
Proceedings of the 2018 International Conference on Islamic Economics and Business (ICONIES 2018)
Series
Advances in Economics, Business and Management Research
Publication Date
October 2019
ISBN
978-94-6252-817-8
ISSN
2352-5428
DOI
10.2991/iconies-18.2019.29How to use a DOI?
Copyright
© 2019, the Authors. Published by Atlantis Press.
Open Access
This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

Cite this article

TY  - CONF
AU  - Muhammad Djakfar
PY  - 2019/10
DA  - 2019/10
TI  - Revitalization and Actualization of Religious Values to Realize Civilized Wasathiyah Economy
BT  - Proceedings of the 2018 International Conference on Islamic Economics and Business (ICONIES 2018)
PB  - Atlantis Press
SP  - 149
EP  - 153
SN  - 2352-5428
UR  - https://doi.org/10.2991/iconies-18.2019.29
DO  - 10.2991/iconies-18.2019.29
ID  - Djakfar2019/10
ER  -