Morality and Justice in the Islamic Economics

DOI

10.2991/aebmr.k.210305.063How to use a DOI?

Keywords

Economic Crisis, Moral, Justice, Economy, Islamic Economics

Abstract

Economic crises are always resulted from greed, fraud, corruption, avarice, manipulating information, and creating financial assets without real economic activity. The main point is carrying out economic activities without moral and justice considerations. The Islamic economy is an economy that comes from the basis of Islamic teachings that emphasizes morality and justice. It is proven that Islamic banking is more stable compared to conventional banks in facing various economic and financial crises. Islam strictly forbids economic practices that are based on riba (usury), gharar (uncertainty), and maisir (gambling). The prohibition will ensure investment flows into the real sector for productive purposes. Islamic teachings see justice upholding and exploitation elimination as very important thing. Justice is the main element of upholding moral teachings that are based on Islamic values. Justice in the economic field has a principle that the property must not be centered on the rich, but must be equally spread over those who are weak.

Copyright

© 2021, 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/).

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TY  - CONF
AU  - M Roem Syibly
AU  - Muhammad Roy Purwanto
PY  - 2021
DA  - 2021/03/08
TI  - Morality and Justice in the Islamic Economics
BT  - Proceedings of the 2nd Southeast Asian Academic Forum on Sustainable Development (SEA-AFSID 2018)
PB  - Atlantis Press
SP  - 353
EP  - 356
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.210305.063
DO  - 10.2991/aebmr.k.210305.063
ID  - Syibly2021
ER  -