Abstract

The "standard framework" for an economic system is an absolute necessity. In Islamic economics, the process of finding a "standard framework" has generated debate and has spawned several schools of economics. One of the earliest to offer an Islamic economic framework in the modern era was Muhammad Baqir al-Sadr. In this paper, we want to study in depth how the construction of Islamic economic thought offered by al-Sadr. The data analysis method used hermeneutic method. The results of this study conclude that Islamic economics is not a science but a school. The concept of ownership in Islamic economics consists of three components, namely: individual ownership, joint ownership, and Muslim ownership. Justice is the main goal, and to achieve it, distribution must be carried out in two stages, namely pre-production distribution and post-production distribution.

Full Text
Paper version not known

Talk to us

Join us for a 30 min session where you can share your feedback and ask us any queries you have

Schedule a call

Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.