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ISLAMIC ECONOMIC PRINCIPLES AND PRODUCTION ACTIVITIES THOUGHT OF IMAM AL-GHAZALI FROM HIS BOOK “IHYA’ ULUM AL-DIN” An Ras Try Astuti; Abdul Hamid Habbe; Abdul Wahab
Dinasti International Journal of Management Science Vol 3 No 3 (2022): Dinasti International Journal of Management Science (January - February 2022)
Publisher : Dinasti Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31933/dijms.v3i3.1091

Abstract

This article describes the relevance of Imam Al Ghazali's thoughts to the context of the current consumption needs of Islam. The presence of Islam with its beliefs and principles in it, this belief is built on the foundation of God with the consequences of the birth of the principles of Nubuwwah, Khuluqiyyah, Justice, Insaniah, Help and Cooperation. All of these principles in reality affect economic activity, both distribution, production and consumption. Imam AL Ghazali as one of the Islamic economic thinkers participated in providing related ideas about Production in Islam that presents Allah swt in every production activity. On the other hand, according to Imam AL Ghazali, the factors of production include land, labor, technology, production management, technology and raw materials. Furthermore, regarding the classification of production, namely a discussion of the types of production, namely 1) basic industry, textiles for clothing, construction for housing, and state activities, 2) supporting industries (steel industry development, and forest resources), 3) complementary activities related to milling and burning of agricultural products. Finally, regarding the stages of production, Al Ghazali acknowledged that there are stages of production that require division of labor, coordination and cooperation. Regarding its relevance to production activities according to Imam Al Ghazali's view. Many phenomena are related to Imam Al Ghazali's thinking, such as the increase in UMKMs which are factors supporting the success of economic activities including production activities, but some phenomena that are not in line with Imam Al Ghazali's thinking are producers who do not heed the values ​​of virtue and justice in their production activities.
APPLICATION OF ISLAMIC ECONOMIC PRINCIPLES IN REALIZING MANAGEMENT BANKING WITHOUT INTEREST Suharli Suharli; Abdul Wahab; Abdul Hamid Habbe
Dinasti International Journal of Education Management And Social Science Vol 3 No 2 (2021): Dinasti International Journal of Education Management and Social Science (Decembe
Publisher : Dinasti Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31933/dijemss.v3i2.1071

Abstract

The emergence of the Islamic Economic System through Islamic Banking is expected to be a solution in the economic world. This paper purpose to review the principles of Islamic banking management without interest. The method used in this paper is a scientific study approach with library research, with data collection through a study of books, literature, notes, and various reports related to the problem to be solved. The results of the study found that the banking sector in the Islamic economy does not recognize interest rate instruments. The Islamic financial system applies profit and loss sharing, not to interest which has determined the profit level in advance. This Islamic economic value is implemented in Islamic banks and is based on three aspectsnamely aspects of faith, aspects of Sharia and aspects of morality. Islamic banking must also always refer to Islamic principles, namely Justice, Partnership, Transparency, and Universal.