Maqasid Al-Syariah Thought In Mainstream Islamic Economics

Abstract

This working paper intended to identify and analyse maqasid al-syariah thoughts found in mainstream Islamic economics. Mainstream Islamic economics refers to a line of thought in contemporary dominant Islamic economics. The school of thought takes the approach of accepting and improving conventional economic thought and adopting it as Islamic economics as known as accommodative-modification school of thought with the eclectism-metodological characteristic. The question is whether this school of thought applies the maqasid al-syariah only as a current trend or following. Is maqasid al-syariah applied in Islamic economics in order to endorse conventional economic theories? Based on the problems that had arisen, this study had two main objectives. First, to identify maqasid al-syariah thoughts in mainstream Islamic economics and second, to analyse maqasid al-syariah thoughts in mainstream Islamic economic. Therefore, in order to achieve both the objective of study, this paper using the qualitative methods. The data collection in this paper is through the document reviews. Finally, the findings in this paper showed that maqasid al-syariah was not used to endorse conventional economic theories that originated from the West; rather, it’s function was to be a basic guide for shaping Islamic economics so that activities related to Islamic economics do obtain the blessings (redha) of Allah SWT.