Abstract
Islamic Economics has been reviving for the last three decades. OIC conference which was held in Mekkah in 1976 marked the important starting point of its development. Governments in many countries, university around the world and people in general have responded very positively on the coming of this new system. This paper gives the short description of the historical background, and progress of the emergence of Islamic Economics. During that time, achievements and shortcomings will be discussed and analyzed. At the end of this paper, the authors provide some possible future approaches and agendas on several things in order to ensure the future development of Islamic economics. The authors believe that although Islamic economics has not reached the level of prominence as conventional economics yet, one day it would be able to be the superior economics system and bring us to the golden period of Islam as it was before. Keywords: Islamic Economics, Conventional Economics, Achievements, Shortcomings, Future Approaches, Agendas
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