Methodology Of Islamic Economics Research Articles

Islamic Economic Methodology Aproach to Achieve Economic Equity: Epistemological Study

Economic policies based on capitalism and socialism have proven to have failed to create a just economy. As a result of adhering to capitalist and socialist ideologies, macroeconomic imbalances and national instability occur. The welfare and prosperity of the people does not depend on production alone, but also on its proper distribution. Wealth in a country can be produced in large quantities, but if its distribution is not based on true and fair principles, then the country will not be able to achieve prosperity. This article aims to find out how the methodology of Islamic economics realizes equity and falah. This research uses descriptive qualitative research method with a literature review approach. Data collection techniques, with literature, from several sources obtained that are relevant to the theme. Books, journals, websites, and others. The data analysis technique is descriptive qualitative, describing the study of Islamic economic epistemology that can help realize economic equity. The results in this study BMT is a financial institutional system that is able to reform the conventional economic system and bring economic justice and equitable distribution with practical provisions through syar'i arrangements in collecting and distributing through wadi'ah, mudharabah, musyarakah, murabahah, salam, istishna transactions. , ijarah, and qardh. The implementation of Islamic social finance in Indonesia can be seen through the existence of various financial institutions that provide financial services by involving Islamic social funds such as Baznas (National Amil Zakat Agency), BWI (Indonesian Waqf Board) and other institutions with the aim of embracing the middle, small, and medium-sized micro communities.

Islamic Economic Methodology Aproach to Achieve Economic Equity: Epistemological Study

Economic policies based on capitalism and socialism have proven to have failed to create a just economy. As a result of adhering to capitalist and socialist ideologies, macroeconomic imbalances and national instability occur. The welfare and prosperity of the people does not depend on production alone, but also on its proper distribution. Wealth in a country can be produced in large quantities, but if its distribution is not based on true and fair principles, then the country will not be able to achieve prosperity. This article aims to find out how the methodology of Islamic economics realizes equity and falah. This research uses descriptive qualitative research method with a literature review approach. Data collection techniques, with literature, from several sources obtained that are relevant to the theme. Books, journals, websites, and others. The data analysis technique is descriptive qualitative, describing the study of Islamic economic epistemology that can help realize economic equity. The results in this study BMT is a financial institutional system that is able to reform the conventional economic system and bring economic justice and equitable distribution with practical provisions through syar'i arrangements in collecting and distributing through wadi'ah, mudharabah, musyarakah, murabahah, salam, istishna transactions. , ijarah, and qardh. The implementation of Islamic social finance in Indonesia can be seen through the existence of various financial institutions that provide financial services by involving Islamic social funds such as Baznas (National Amil Zakat Agency), BWI (Indonesian Waqf Board) and other institutions with the aim of embracing the middle, small, and medium-sized micro communities.

The transformational paradigm: a way forward for Islamic economic axiology

Despite the recent (and vigorous) debate on the methodology of Islamic economics, its axiology has not been seriously discussed. In this regard, this study reviews the axiology of Islamic economics introduced by various paradigms in Islamic economics. We classify the axiology based on the oriented paradigm via a scoping review. As a critical response to the axiological classifications, this study highlights the weaknesses/criticisms and offers an alternative axiology within the framework of the transformational.

Metodologi Ekonomi Islam

This study aims to analyze the thinking methods used in Islamic economics critically. This study assumes that the methods used in Islamic economics are mostly designed to determine Fallah. Islamic economics was born not as a separate discipline but as an integral part of the Islamic religion as complete life teaching. Islam guides all human activities, including economics. This research is library research with a qualitative approach. Sources of data in this study using secondary data derived from books and relevant research results. The results of this study found that the methodology of Islamic economics must be built on the principles of Islamic epistemology, produce scientific criteria, and convey Islamic values to others. Islamic economics has a complete scientific building, giving birth to theories that explain economic doctrine and reality.

Model Evaluasi Dosen Metodologi Ekonomi Islam Oleh Mahasiswa Selama Pandemi Covid 19

The research is aimed at evaluating the lecturer performance in teaching the methodology of Islamic economics based on the students’ observation during the online course as the effect of COVID 19. The measurement of the performance refers to the concept of satisfaction related to the educational service by comparing the performance to the expectation adopted from Parasunaman’s five quality dimension: tangible, reliability, responsiveness, assurance, and empathy. The data is collected from the questionnaire. The descriptive quantitative research is used to map the strengths and weaknesses in four classifications: first, what aspects a lecturer should prioritize because the lecturer performance is low and the student expectation is high; second, what aspects a lecturer should maintain because the lecturer performance is in line with the student expectation; third, what aspects a lecturer should maintain but think again about weighting them because the lecturer performance is low and the student expectation is also low; fourth, what aspects a lecturer should reduce their emphasis because the lecturer performance is high but the student expectation is low. The result shows that with the four classification the lecturer performance related to the service quality can be managed well.

UNRAVELING HAFAS FURQANI’S THOUGHT ABOUT THE METHODOLOGY OF ISLAMIC ECONOMICS

The methodology is important in developing Islamic economics. According to Hafas Furqani, the methodology is still general and has weaknesses, though several studies have classified it into several approaches. Therefore, this study aims to describe Hafas Furqani's thoughts regarding the methodology of Islamic economics in various journals. The method employed a literature review, primarily articles and books written by Hafas Furqani as well as another relevant sources. Subsequently, the results indicated that the development model of this methodology shows the process of preparing a structured economics building and birthing a theory derived from Islamic epistemology. Hafas Furqani stated that Islamic economics can become a new discipline, providing it has a clear subject matter, methodology to appraise theory, systematic accumulation of theory, and a well-organized body of knowledge.

Needs Analysis of English Materials for Islamic Economics Students

This study aims to find out the needs of English material for Islamic economics students. The method employed in this research is descriptive. Forty students and ten stakeholders were asked to complete the questionnaire, and ten stakeholders were interviewed. The result of the research: 1) the highest themes or topics needed based on students' perception is the relevance of Islamic economics, meanwhile based stakeholders' perception is the methodology of Islamic economics; 2) the highest discourse texts needed based on students' perception is Islam as a way of life, whereas based on stakeholders' perception is facts and theories of Islamic economics; and 3) the highest English Skills needed to be based on students and stakeholders' perception is speaking skill. In sum, the researchers concluded that speaking is an important skill needed by the Islamic economics study program of the Muhammadiyah University of Bengkulu.

Learning and teaching of Islamic economics: conventional approach or Tawhidi methodology

Purpose This paper aims to discuss the methodology of mainstream Islamic economics and also gives an alternative approach which is yet not very much taught in the different academic institutions, i.e. Tawhidi methodology. From the curriculum of the different academic institutions and also from the literature, it is observed that mainstream Islamic economics is the imitation of the conventional economics and mainly neoclassical economics. Maqasid-i-Shari’ah is not matching with the Tawhidi one. Design/methodology/approach It is based on the self-observations of the authors where they taught during their academic career. Findings This study found that the mainstream Islamic economics could not be able to solve the local and global issues because it is the replica of the conventional economics only there are some injunctions of Shari’ah. Research limitations/implications This study gives the guideline to the student of Islamic economics that how they will be able to understand the methodology of Islamic economics and finance. Practical implications It provides the guidance to the academicians and policymakers, especially those belonging to the Muslim countries. Social implications It also provides the glimpses to the social scientist about the solutions of the social and economic issues at the local and global levels. Originality/value It is an original effort.

Methodology of Islamic Economics: Problems and Solutions

Methodology of Islamic Economics: Problems and Solutions

Istihsan Sebagai Metode Istimbath Hukum Imam Hanafi Dan Relevansinya Dalam Pengembangan Ekonomi Syariah

As a scientific of term that has an important role in the development of Islamic science. Islamic economics is considered important to get attention and development of study. Islamic economics is an entity of thought and practice that is currently stretching among of Moslem's. In every thought of entity, it has its own methodology and framework of thinking. Likewise with a theoretical framework regarding Islamic Economics. One of the Islamic Economic methodology frameworks that are different from conventional of methodologies economic, it is a framework of thinking that starts from ushul fiqh (istimbath legal of method). Ushul fiqh has a very strong role in contributing to the emergence of Islamic economics. Istihsan as one of the istimbath methods of Islamic law (ushul fiqh) initiated from by Imam Hanafi. certainly must be given more portions in order to further develop the Islamic economy. As a literature-based study, this study has significance to the development of Islamic economics through the istihsan method. The findings in this study are expected to add new treasures to the thought of Ushul Fiqh and the development of Islamic economic studies.

What is Islamic economics? The view of Muhammad Baqir al-Sadr

Muhammad Baqir al-Sadr (1935-1980) is a well-known Muslim scholar of the late twentieth century. Al-Sadr is considered as one of the pioneers of Islamic revival in the contemporary Muslim world. His keen intellectual interests inspired him to critically study a wide range of areas in contemporary philosophy, economics, politics, sociology, history and law, from a distinct Islamic point of view. Al-Sadr’s magnum opus on economics, Iqtisaduna (Our Economics) has put his name as one of the pioneers of contemporary Islamic economics. His work, in various degrees has influenced the formation and development of Islamic economics as a system and as a body of knowledge. This paper attempts to investigate some aspects of al-Sadr’s economic thought by focusing on his view on the nature, subject matter and methodology of Islamic economics, areas that have not received sufficient attention by contemporary Islamic economists.

Contribution of mathematical models to Islamic economic theory: a survey

PurposeThe purpose of the study is to explore contributions made in Islamic economics methodology, particularly in the use of mathematical models used to build Islamic economic theories.Design/methodology/approachThe methodology adopted is a survey by means of literature review.FindingsOveruse of mathematical models in economics has it apparent weakness in simplifying complex realities and use of impracticable assumptions. But, that notwithstanding, they have a role to play in the development of Islamic economics. Empirical analysis in Islamic economics has weaknesses, including the very fact that moral phenomenon in Islamic economics is difficult to quantify, but its contribution, just like mathematics, is needed to develop the field. Islamic economics adopt mathematical models that do not cause obstacles in achieving the aim of Islamic economics, which is Falah. Where it is harmful, it is discarded. Islamic economics has yet to have a universally accepted research methodology; instead, numerous methodologies are used today. The poor use of mathematics in Islamic economics by new researchers, among other factors, may be due to young researchers’ poor background in mathematics.Originality/valueThe paper is unique in looking at the topic of Islamic economic methodology from the angle of application of mathematical models.

Methodology of Islamic Economics: From Islamic Teachings to Islamic Economics

Methodology of Islamic Economics: From Islamic Teachings to Islamic Economics

MENELUSURI METODOLOGI EKONOMI ISLAM ABDEL-RAHMAN YOUSRI AHMED

In recent years, we have witnessed a high interest in the study of methodology in the field of Islamic economics. Works in the form of books, journals, or articles on methodologies have developed rapidly over the past two decades. People’s interest binding up in Islamic economics in the field of methodology is caused by several factors, among which there are those who think that the economy is not going well. Poverty still exists. Unemployment is growing along with high inflation and hardly any reliable solution to the depression of the local economy, even the regional financial crisis. Another reason for the revival of interest in the field of economic methodology is that economists, in their efforts to instill a positivistic paradigm of natural science into economics, tend to break the science of philosophy that raises ethical and moral issues relating to human goals and behavior. This paper will attempt to answer the question: what is the Islamic economic methodology offered by Abdel-Rahman Yousri Ahmed and what should the Islamic economic exponents do in the formulation of Islamic economics theory? This type of research is qualitative with the approach of figure thinking. The data collection technique is done by reading the works of Abdel-Rahman Yousri Ahmed and some supporting writings of the research. The result of study shows that the commitment to make the theory of Islamic economics must be realized into the form of blend between Sharia rules and Islamic values ​​into postulates or axioms. The resolving of various problems, the process of economic analysis, and the formulation of rules that explain Islamic economics, should be based on the postulates or the axioms. The empirical experience of Islamic economics is a mandatory requirement for formulating empirical theory. Islamic economics scientific theory consists of three main elements: definition or terminology, postulates (axioms or assumptions), and hypotheses. From an Islamic perspective, definitions and postulates which are composed and made in accordance with Islamic and Shari’a values, should be ensured to show the character of the Islamic hypothesis that culminates in the theoretical work. The historical experience of Islamic economics in the past will greatly help modern Islamic economics. The Islamic economics applicability depends heavily on using correct methodology in formulating theory.

Menelusuri Metodologi Ekonomi Islam Abdel-Rahman Yousri Ahmed

In recent years, we have witnessed a high interest in the study of methodology in the field of Islamic economics. Works in the form of books, journals, or articles on methodologies have developed rapidly over the past two decades. People’s interest binding up in Islamic economics in the field of methodology is caused by several factors, among which there are those who think that the economy is not going well. Poverty still exists. Unemployment is growing along with high inflation and hardly any reliable solution to the depression of the local economy, even the regional financial crisis. Another reason for the revival of interest in the field of economic methodology is that economists, in their efforts to instill a positivistic paradigm of natural science into economics, tend to break the science of philosophy that raises ethical and moral issues relating to human goals and behavior. This paper will attempt to answer the question: what is the Islamic economic methodology offered by Abdel-Rahman Yousri Ahmed and what should the Islamic economic exponents do in the formulation of Islamic economics theory? This type of research is qualitative with the approach of figure thinking. The data collection technique is done by reading the works of Abdel-Rahman Yousri Ahmed and some supporting writings of the research. The result of study shows that the commitment to make the theory of Islamic economics must be realized into the form of blend between Sharia rules and Islamic values into postulates or axioms. The resolving of various problems, the process of economic analysis, and the formulation of rules that explain Islamic economics, should be based on the postulates or the axioms. The empirical experience of Islamic economics is a mandatory requirement for formulating empirical theory. Islamic economics scientific theory consists of three main elements: definition or terminology, postulates (axioms or assumptions), and hypotheses. From an Islamic perspective, definitions and postulates which are composed and made in accordance with Islamic and Shari’a values, should be ensured to show the character of the Islamic hypothesis that culminates in the theoretical work. The historical experience of Islamic economics in the past will greatly help modern Islamic economics. The Islamic economics applicability depends heavily on using correct methodology in formulating theory. Keywords: Islamic Economics Methodology, Abdel-Rahman Yousri Ahmed

Membangun Fondasi Keilmuan Ekonomi Islam: Telaah Metodologi Muhammad Akram Khan

Throughout my experience in tracking down and reading books on faith-based economics, in this case Islam, there are no books that specifically list the title of "Islamic economics". If there is, it is only initiated or introduced. Most books coming down to us still use the titles starting with the word, for example, system, concept, principle, or the doctrine of Islamic economics. Why do the authors of the book Islamic economics seem not dared to give his book title with label "science"? I presume that Islamic economics has not been considered as a science. In building a science, methodology is required. Islamic Economics also requires a well-established methodology to build the foundation of science. The study answers questions; how is methodology which is offered by Muhammad Akram Khan to build Islamic economics. The method used in this research is the study of literature with qualitative approach.The result of study concludes that Khan offers methodology of Islamic economics, if summarized, written as follows: First, Islamic economics uses a framework derived from the texts of divinity (revelation). Second, Islamic economics uses the inductive method, which gives witness to the truth or falsity assumptions and predictions about the two criteria of rationality and empirical evidence. Third, Islamic economy is built on ethical values ​​such as justice, virtue, moderation, sacrifice, caring for others, in the analysis, as behavioral parameters. Fourth, Islamic economics is a normative discipline. Islamic Economics investigates ways and means to change the existing economy with Islamic economy. Fifth, Islamic economics ask different questions with conventional economics. Its attention is on welfare (falah) human and creating social and institutional conditions that maximize falah in society. Clearly, Islamic economics strongly supports research programs that help maximize falah. Furthermore, Khan elaborates several issues related to the methodology that often appears in the forum of Islamic economists. There are some problems that Khan proposes, they are the interaction with modern economics, the role of revelation, assuming ideal Islamic society, and the general theory of Islamic economics.

Membangun Fondasi Keilmuan Ekonomi Islam: Telaah Metodologi Muhammad Akram Khan

Throughout my experience in tracking down and reading books on faith-based economics, in this case Islam, there are no books that specifically list the title of "Islamic economics". If there is, it is only initiated or introduced. Most books coming down to us still use the titles starting with the word, for example, system, concept, principle, or the doctrine of Islamic economics. Why do the authors of the book Islamic economics seem not dared to give his book title with label "science"? I presume that Islamic economics has not been considered as a science. In building a science, methodology is required. Islamic Economics also requires a well-established methodology to build the foundation of science. The study answers questions; how is methodology which is offered by Muhammad Akram Khan to build Islamic economics. The method used in this research is the study of literature with qualitative approach.The result of study concludes that Khan offers methodology of Islamic economics, if summarized, written as follows: First, Islamic economics uses a framework derived from the texts of divinity (revelation). Second, Islamic economics uses the inductive method, which gives witness to the truth or falsity assumptions and predictions about the two criteria of rationality and empirical evidence. Third, Islamic economy is built on ethical values such as justice, virtue, moderation, sacrifice, caring for others, in the analysis, as behavioral parameters. Fourth, Islamic economics is a normative discipline. Islamic Economics investigates ways and means to change the existing economy with Islamic economy. Fifth, Islamic economics ask different questions with conventional economics. Its attention is on welfare (falah) human and creating social and institutional conditions that maximize falah in society. Clearly, Islamic economics strongly supports research programs that help maximize falah. Furthermore, Khan elaborates several issues related to the methodology that often appears in the forum of Islamic economists. There are some problems that Khan proposes, they are the interaction with modern economics, the role of revelation, assuming ideal Islamic society, and the general theory of Islamic economics. Keywords:  Islamic Economics, Methodology, Muhammad Akram Khan

SIGNIFIKANSI KAJIAN METODOLOGI DALAM PENGEMBANGAN BODY OF KNOWLEDGE EKONOMI ISLAM

<p><em>Methodology in science philosophy study is usually discussed in the epistemological discussions which discuss nature, source, concept and theory of knowledge. Methodological discourse, therefore, follows the development of science phylosophy and epistemology discourse. However, there are differences in discussion focus and scope between epistemology and methodology. In epistemology, we study theory of knowledge, its nature and scope, while in methodology we study how to appraise a theory and evaluate it by scientific justification. As a new discipline, methodological discussion in Islamic economics is very important to develop the foundations of the discipline. A solid methodology would help to develop Islamic economics from its own sources of knowledge and use its own philosophical foundations. This paper aims to observe the relationship of Islamic epistemology and methodology of Islamic economics, the nature of Islamic economic methodology and its significance in developing Islamic economics.</em></p>

Islamic Economics and Prospects for Theoretical and Empirical Research

This paper examines the nature, scope and methodology of Islamic economics, and draws attention to some possibilities for theoretical and empirical research in this field. Islamic economics is defined as the systematic study of the problem of allocation of resources, production of goods and services and distribution of output, income and wealth in an economy in the light of the Qur’ān and the Sunnah. It has relevance for not only Muslims but also others interested in durable solutions to problems of financial crises, inflation, unemployment, poverty and economic inequalities. The discipline is concerned with the description (of ground realities) and prescription (of solutions for economic issues) in the light of the leads in the Qur’ān and the Sunnah. The Sharīʿah basis of Islamic economics, with a supportive role for fiqh, holds the key in building Islamic economics. The approach recommended for this purpose is reconstruction of Islamic economics rather than Islamization of economics. On the theoretical side, this paper lays emphasis on basic research for strengthening the theory of Islamic economics to fill the knowledge gap on, among other things, Islamic economic system, Islamic economy, the Sharīʿah-based transactions matrix, nature and role of government in modern times and review of economic policy agenda. On the empirical side, it highlights some matters related to data and empirical work.

Pergulatan Doktrin dan Realitas dalam Proses Teoretisasi Ekonomi Islam

This article examines the struggle between the doctrine and reality in the process of theorizing Islamic economics that until now remains a challenge in building the science of Islamic economics. The process of theorizing is a problem of epistemology and methodology. As a discipline in the realm of social sciences, Islamic economics uses authoritative sources of Islam (al-Qur’ân and Hadith), logic and empirical experience. Islamic economic theory is expected to grow from all three of these sources. In contrast to conventional economic theory, the theory of Islamic economics is expected to grow from Islamic doctrine or principle of economy and rooted in empirical facts. The methodology of Islamic economics play a role in integrating doctrine and empirical reality in the process of theorizing Islamic economics. This article describes the three sources of Islamic economic epistemology, the link between doctrine and reality, and the interaction and integration of doctrine and reality in the process of theorizing Islamic economics. Islamic economic theory that is born must have integrity and be tested on three dimensions: doctrine, rationality, and empirical experience.