Islam and Pancasila Democratic Economics: Islamic Criticism of Capitalist and Socialist Economic Thought
DOI:
https://doi.org/10.56444/icbeuntagsmg.v2i1.1606Keywords:
Islam, Pancasila Democratic Economy, Capitalist, SocialistAbstract
This research was conducted with the aim of providing information about Islam and Pancasila Democratic Economics with Islamic criticism of Capitalist and socialist Economics. The research method uses literature study, by explaining theories related to titles obtained from books, journals and online media. This research found that when juxtaposed Islamic economics and Pancasila economics have the same concept and aim at human welfare and justice. The capitalist and socialist economic systems have been criticized by Islamic economics because of injustice, exploitation and imbalance. By integrating Islamic economic principles, Indonesia can develop a more just, stable and sustainable economic system in accordance with the values of Pancasila and Islamic teachings.
References
Ahmad, SM, & Rakib, MZA (2019). Islamic Economy: Can it be an Alternative to Socialism and Capitalism? International Journal of Social and Humanities Sciences (IJSHS), 3(3), 11–32. https://dergipark.org.tr/en/pub/ijshs/issue/50760/661405
Akbar, MA, & Ghufron, MI (2019). Synchronization of Pancasila Economics and Islamic Economics. Masharif Al-Syariah Journal: Journal of Sharia Economics and Banking, 4(1). https://doi.org/10.30651/jms.v4i1.2868
Amri, H. (2019). Weaknesses of the Economic System of Capitalism and Socialism According to Muhammad Sharif Chaudhry in his work Fundamentals of the Islamic Economic System. Economica Sharia, 2, 1–16. https://ejournal.stebisigm.ac.id/index.php/esha/article/download/93/82
Ashari. (2016). ISLAMIC ECONOMICS 1.
Asyari, Hoque, ME, Hassan, MK, Susanto, P., Jannat, T., & Mamun, A. Al. (2022). Millennial Generation's Islamic Banking Behavioral Intention: The Moderating Role of Profit-Loss Sharing, Perceived Financial Risk, Knowledge of Riba, and Marketing Relationship. Journal of Risk and Financial Management, 15(12). https://doi.org/10.3390/jrfm15120590
Azizah, H. (2019). Islamic Economic Criticism of Income Distribution Mechanisms in a capitalist economic system. LABATILA: Journal of Islamic Economics, 03(02), 115–130.
Effendi, S., Islam, U., & Utara, S. (2019). COMPARISON OF THE ISLAMIC ECONOMIC SYSTEM WITH. 6(2), 147–158.
Era, K., & Marsudi, R. (2022). Harmonization of Islamic Economics and Pancasila Economics. El - W asathiy A, 10(01), 43–67. http://ejournal.kopertais4.or.id/mataraman/index.php/washatiya/article/view/4813
Fabiana. (2019). History of Islamic Economic Thought Karl Marx's Criticism of Capitalism and the Economic Definition of Socialism. 90100118113.
Gunawan, MI (2020). The Islamic Economic System as a Solution to the Problems of the Capitalism System and the Socialism System. EXISTBANK: Sharia Economics and Banking Business, 4(2), 214–231. https://doi.org/10.37726/ee.v4i2.138
Guraida, G., & Izmuddin, I. (2023). Culinary Micro Business Survival Strategy in the Pandemic Era (Covid19) Viewed from a Sharia Economic Point of View. Al-Kharaj : Journal of Sharia Economics, Finance & Business, 6(3), 1099–1112. https://doi.org/10.47467/alkharaj.v6i3.3585
Irfayunita, F., & Puteri, HE (2019). The Influence of Financial Literacy on the Preferences of Tanah Datar Regency People in Choosing Funding Products in Sharia Banking. SHARIA ECONOMICS: Journal of Economic Studies, 3(1), 20. https://doi.org/10.30983/es.v3i1.973
Iswanto, B. (2016). An Introduction to Islamic Economics Book. In S. Masitoh (Ed.), Revista Brasileira de Linguística Aplicada (Vol. 5, Issue 1). PT Rajagrafindo Persada. https://revistas.ufrj.br/index.php/rce/article/download/1659/1508%0Ahttp://hipatiapress.com/hpjournals/index.php/qre/article/view/1348%5Cnhttp:// www.tandfonline.com/doi/abs/10.1080/09500799708666915%5Cnhttps://mckinseyonsociety.com/downloads/reports/Educa
Izmuddin, I., & Loni Hendri, M. (2019). Exploring the Philosophical Values of Islamic Economic Doctrine. In Wade Group National Publishing.
Jalil, M. (2018). Sharia Economics 'Ah in the Pancasila Perspective. IAIN Metro, 02(1), 28–42.
Khairani, Z., Eka Puteri Postgraduate Faculty of Islamic Economics and Business, H., & Sjech Djamil Djambek Bukittinggi, UM (2024). The Influence of Murabahah, Musyarakah, and Qardh Financing on the Profitability of Sharia Banks in Indonesia. JEBI: Journal of Economics and Business, 2(1), 95–105. www.ojk.go.id
Lindayanti, W. (2007). ISLAMIC ECONOMIC SYSTEM AND PANCASILA ECONOMIC SYSTEM. Sunan Kalijaga State Islamic University.
Maryam Batubara, Andrian Syahputra, Azra Afwandy, & Evan Hamdani. (2023). Comparison of Economic Systems and Main Characteristics of Sharia Economics. Scientific Journal of Economics and Management, 1(3), 1–5. https://doi.org/10.61722/jiem.v1i3.99
Masykuroh, N. (2005). Capitalist, Social and Islamic Economic Systems: A Comparative Study. In Al-Qalam (Vol. 22, Issue 1, pp. 101–126).
Mokobombang, MAR, Utara, S., Ayu, F., Niu, L., Utara, S., Hasan, J., & Utara, S. (2023). Boycott Behavior in an Islamic Perspective as well. Maqrizi: JournaliofiEconomicsiandiIslamiciEconomics, 3(1), 92–93. http://ejournal.iain-manado.ac.id/index.php/maqrizii
Nasriandani, E., & Puteri, HE (2023). Implementation of Zakat in Banking Practices in Indonesia as an Implementation of Maqasid Syari'Ah. Bourgeois: Journal of Economy, 1(1), 96–110.
Puteri, HE (2023). Estimating the Effect of Dividend Policy and Share Prices on Company Value in the Jakarta Islamic Index. AKSY Journal of Accounting and Sharia Business, 5(2), 1–18. https://doi.org/10.15575/aksy.v5i2.29207
Razi, N. (2016). Transformation of Islamic Economics into a Global Economics: An Analysis in the light of Capitalist and Socialist Systems of Economics. Ijsbar, 30(3), 265–282. https://core.ac.uk/download/pdf/249335431.pdf
Ridwan, M. (2017). Interpretation of Pancasila in an Islamic Perspective: Integration Concept Map. Dialogia, 15(2), 199. https://doi.org/10.21154/dialogia.v15i2.1191
Salihin, A. (2020). Integration of the Interconnection of Pancasila Economics and Islamic Economics. HUMAN FALAH: Journal of Islamic Economics and Business Studies, 7(2). https://doi.org/10.30829/hf.v7i2.5614
