Abstract
Islamic economics that is applied in various countries, including Islamic banking or in Indonesia is called Sharia Banking. This study wants to reveal how the western world's response to Islamic economics is?; and what is the contribution of the western world to the Islamic economy in Indonesia?. This type of research is a normative juridical research with the nature of this research is a descriptive legal study. This study is intended to explore the response of the western world to the Islamic economy that exists in Indonesia. This study produced findings, namely: First, the western world's response to the Islamic economy, namely the Western economic system is intended to embrace the Islamic economic system and support the existence of the Islamic economic system itself, as a result, the western world applies a free business system based on capitalism which prioritizes capital for development. economy in the Islamic world. Second, the contribution of the western world to the economy in Indonesia is a necessity which incidentally is not an Islamic State. However, in its scope, Islamic law in Indonesia in this case the sharia economy is subject to the national economic system, although in Indonesia itself the sharia economic system and conventional economics in Indonesia have their own legal umbrella. So that the Islamic economic system in Indonesia until now is an alternative concept for a prosperous economic system in Indonesia, one of which is a capitalist economic system. Islamic law, especially the Qur'an and al-Hadith. The implication of the western response to the existence of a sharia economy in Indonesia is a golden opportunity for Indonesia to develop a sharia economy, one of which is the halal industry, halal tourism (religion), sharia economic brand, money waqf, the potential of the halal industry sector in Indonesia can be developed through halal food ( halal food), halal fashion, halal cosmetics, and so on, this means that economic freedom in Indonesia needs to be developed. In addition, halal tourism can also be developed in Indonesia, with various potentials that exist in Indonesia. Another implication related to the western response to the Islamic economy in Indonesia is the presence of a diversity of halal food. However, the development of this potential needs to make the resulting production must be based on the principles of benefit and justice, where this benefit is carried out by prioritizing sharia economics as a real need where justice is very meaningful in the economy, especially in Indonesia.
Highlights
The development of the Islamic economic phenomenon in Indonesia in the era of the industrial revolution 4.0 as it is today has positive projections
The implication of the western response to the existence of a sharia economy in Indonesia is a golden opportunity for Indonesia to develop a sharia economy, one of which is the halal industry, halal tourism, sharia economic brand, cash waqf (Ahyani 2021), the potential of the halal industry sector in Indonesia can be developed through halal food (Ahyani, Mahfud, Rohmat, et al 2021), halal fashion, halal cosmetics, and so on, this means that economic freedom in Indonesia needs to be developed (Ahyani, Slamet, and Tobroni 2021)
Regarding the discussion above where in the research problem that examines how the response and contribution of the west to the Islamic economy in Indonesia in the Industrial Revolution Era 4.0, it can be concluded including: First, the system in Western culture that has been applied to the Islamic world, namely capitalism as domestic economic development, the Islamic world is more inclined to the system which is directed to the first form
Summary
The development of the Islamic economic phenomenon in Indonesia in the era of the industrial revolution 4.0 as it is today has positive projections. The perspective of sharia/Islamic economics is used as an unlimited attraction, humans are given the freedom to develop the potential that exists in sharia economics, especially in Indonesia Allah swt created this universe, given completely to humans, it will never run out, this is because what is contained in this universe contains a lot of potential wealth that has not been fully explored by humans. The uniqueness of this research is the response or western perception of Islam, especially in the field of sharia economics, especially in Indonesia, it needs to be studied because the doctrine of sharia economics in Indonesia in the era of the industrial revolution 4.0 is very much needed to develop the potential that exists in sharia economy. Researchers will examine how the response and contribution of the west to the Islamic economy in Indonesia in the Industrial Revolution Era 4.0?
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