EXPLORATION OF MAQASID AL-SHARIAH CONCEPTS IN THE DEVELOPMENT OF ISLAMIC ECONOMIC POLICIES

Authors

  • Suud Sarim Karimullah Gümuşhane University

DOI:

https://doi.org/10.32332/muamalah.v2i2.7747

Keywords:

Islamic Economics, Policy Development, Maqasid Al-Shariah

Abstract

This study explores the concept of maqasid al-shariah in the context of Islamic economic policy development, focusing on understandīng the concept, implementation in policy, and evaluation of the impact on society and welfare. The research method used is a literature study with a comprehensive analysis of the literature, which includes sources from various related disciplines. The results reveal that maqasid al-shariah is a moral guide in Islamic economics and the foundation for a just, sustainable, and ethical economy. Implementing this concept involves the creation of solid Islamic financial institutions, regulation by Islamic law, and protection of moral values in business. A careful evaluation of the impact highlights the critical role of Islamic economics in achieving the goals of the maintenance of religion, property, soul, intellect, and heredity. In an ever-changing era, this study shows that maqasid al-shariah is a highly relevant compass for guidīng Islamic economic policies that align with deep Islamic values, bridging theory and practice to create a more just and ethical society.

Downloads

Download data is not yet available.

References

Ahyani, Hisam, and Memet Slamet. “Building the Values of Rahmatan Lil’Alamin for Indonesian Economic Development at 4.0 Era from the Perspective of Philosophy and Islamic Economic Law.” Al-Ihkam: Jurnal Hukum & Pranata Sosial 16, no. 1 (2021): 111–36. https://doi.org/10.19105/al-lhkam.v16i1.4550.

Anis, Muhammad, and Irham Zaki. “How Islamic Economics View on Ecology?” AFEBI Islamic Finance and Economic Review 4, no. 02 (2019): 115–22. https://doi.org/10.47312/aifer.v4i02.366.

Botoeva, Aisalkyn. “Islam and the Spirits of Capitalism: Competing Articulations of the Islamic Economy.” Politics & Society 46, no. 2 (2018): 235–64. https://doi.org/10.1177/0032329218776014.

Campra, Maura, Valerio Brescia, Vahid Jafari Sadeghi, and Davide Calandra. “Islamic Countries and Maqasid Al-Shariah towards the Circular Economy: The Dubai Case Study.” European Journal of Islamic Finance 17 (2021): 1–10. https://doi.org/10.13135/2421-2172/4560.

Dzulkepli, Suziraha, and Mohd Nizam Barom. “Financial Inclusion and the Goal of Distributive Justice in Islamic Economics.” The Journal of Muamalat and Islamic Finance Research, 2021, 66–77. https://doi.org/10.33102/jmifr.v18i1.330.

Ghlamallah, Ezzedine, Christos Alexakis, Michael Dowling, and Anke Piepenbrink. “The Topics of Islamic Economics and Finance Research.” International Review of Economics & Finance 75 (2021): 145–60. https://doi.org/10.1016/j.iref.2021.04.006.

Habib, Farrukh. “Islamic Finance and Sustainability: The Need to Reframe Notions of Shariah Compliance, Purpose, and Value.” In Islamic Finance, FinTech, and the Road to Sustainability: Reframing the Approach in the Post-Pandemic Era, 15–40. Springer, 2023. https://doi.org/10.1007/978-3-031-13302-2_2.

Hadi, M Qoshid Al. “Fiqh Mu’āmalah in Theory and Practice: An Overview of Islamic Economics.” Al Hurriyah: Jurnal Hukum Islam 6, no. 2 (2022): 102–17. https://doi.org/10.30983/alhurriyah.v6i2.5010.

Haneef, Mohamed Aslam, Aliyu Dahiru Muhammad, Ataul Huq Pramanik, and Mustafa Omar Mohammed. “Integrated Waqf Based Islamic Microfinance Model (IWIMM) for Poverty Alleviation in OIC Member Countries.” Middle-East Journal of Scientific Research 19, no. 2 (2014): 286–98. https://doi.org/10.5829/idosi.mejsr.2014.19.2.12565.

Hapsari, Meri Indri, and Zainal Abidin. “Zakat Distribution in Maqasid Al-Shariah Framework.” Journal of Islamic Financial Studies 02, no. 02 (2016): 15–25. https://doi.org/10.12785/JIFS/020202.

Hudaefi, Fahmi Ali, and Abdul Malik Badeges. “Maqāṣid Al-Sharī ‘ah on Islamic Banking Performance in Indonesia: A Knowledge Discovery via Text Mining.” Journal of Islamic Marketing 13, no. 10 (2022): 2069–89. https://doi.org/10.1108/JIMA-03-2020-0081.

Karimullah, Suud Sarim. Pendekatan Multidisipliner Dalam Studi Islam. Pati: Al Qalam Media Lestari, 2023.

Karimullah, Suud Sarim, and Lilyan Eka Mahesti. “Tinjauan Maqashid Al-Syariah Terhadap Perilaku Berutang Masyarakat Desa Sukawangi Pada Masa Pandemi Covid-19.” Tahkim 4, no. 1 (2021): 79–98. https://doi.org/10.29313/tahkim.v4i1.7274.

Kasdi, Abdurrohman. “Actualizations of Maqāşid Al-Shariah in Modern Life; Maqāşid Al-Shariah Theory as a Method of the Development of Islamic Laws and Shariah Economics.” Justicia Islamica: Jurnal Kajian Hukum Dan Sosial 16, no. 2 (2019): 247–68. https://doi.org/10.21154/justicia.v16i2.1666.

Kunaifi, Aang, Fadali Rahman, and Risca Dwiaryanti. “The Philosophy and Authentication of Welfare Equalization in the Islamic Economy.” Islamic Research 4, no. 2 (2021): 54–62. https://doi.org/10.47076/jkpis.v4i2.67.

Mohammad, Mustafa Omar, and Syahidawati Shahwan. “The Objective of Islamic Economic and Islamic Banking in Light of Maqasid Al-Shariah: A Critical Review.” Middle East Journal of Scientific Research, 2013. https://doi.org/10.5829/idosi.mejsr.2013.13.1885.

Nor, Shifa Mohd. “Integrating Moral in a Dynamic Model of Corporate Social Responsibility in Islamic Economics and Finance.” Asian and African Area Studies 11, no. 2 (2012): 137–50. https://doi.org/10.14956/asafas.11.137.

Nouman, Muhammad, Muhammad Fahad Siddiqi, Karim Ullah, and Shafiullah Jan. “Nexus between Higher Ethical Objectives (Maqasid Al Shari’ah) and Participatory Finance.” Qualitative Research in Financial Markets 13, no. 2 (2021): 226–51. https://doi.org/10.1108/QRFM-06-2020-0092.

Omar, Mohd Noor, and Norhanim Mat Sari. “Maqasid Al-Shariah Philosophy In Monetary Regime Towards Inclusive Sustainable Growth.” International Journal of Islamic Economics 1, no. 02 (2019): 95–110. https://doi.org/10.32332/ijie.v1i02.1802.

Prasetiyo, Luhur, and Khusniati Rofiah. “The Formulation of Islamic Bank Performance Based on Contemporary Maqasid Al-Sharia.” Justicia Islamica: Jurnal Kajian Hukum Dan Sosial 18, no. 2 (2021): 318–34. https://doi.org/10.21154/justicia.v18i2.3163.

Ramadani, Veland, Léo-Paul Dana, Vanessa Ratten, and Sadush Tahiri. “The Context of Islamic Entrepreneurship and Business: Concept, Principles and Perspectives.” International Journal of Business and Globalisation 15, no. 3 (2015): 244–61. https://doi.org/10.1504/IJBG.2015.071906.

Rizki, Darlin. “A Peer-to-Peer Lending Methods in Management of Zakat Funds through Sharia Financial Institutions.” In Indonesian Conference of Zakat-Proceedings, 25–40, 2019. https://doi.org/10.37706/iconz.2019.146.

Syamsuri, Syamsuri, Yaumi Sa’adah, and Isma Aulia Roslan. “Reducing Public Poverty Through Optimization of Zakat Funding as an Effort to Achieve Sustainable Development Goals (SDGs) in Indonesia.” Jurnal Ilmiah Ekonomi Islam 8, no. 1 (2022): 792–805. https://doi.org/10.29040/jiei.v8i1.3872.

Vaghefi, Negin, Chamhuri Siwar, and Sarah Aziz Abdul Ghani Aziz. “Green Economy: Issues, Approach and Challenges in Muslim Countries.” Theoretical Economics Letters 05, no. 01 (2015). https://doi.org/10.4236/tel.2015.51006.

Wahab, Norazlina Abd, and Abdul Rahim Abdul Rahman. “A Framework to Analyse the Efficiency and Governance of Zakat Institutions.” Journal of Islamic Accounting and Business Research 2, no. 1 (2011): 43–62. https://doi.org/10.1108/17590811111129508.

Wilson, Rodney. “Islamic Economic Principles.” In Oxford Research Encyclopedia of Religion, 2019. https://doi.org/10.1093/acrefore/9780199340378.013.687.

YURTSEVEN, Muhammet, and Kamola BAYRAM. “The Role of Islamic Economy in Reduction of Social Injustice and Sustainable Development Goals.” Bilimname 2020, no. 42 (2020): 111–53. https://doi.org/10.28949/bilimname.687766.

Zailani, Muhammad Nooraiman, Nurul Huda Mohd Satar, and Roza Hazli Zakaria. “Maqasid Al-Shariah Based Index of Socio-Economic Development: A Literature Review.” Journal of Muamalat and Islamic Finance Research 19, no. 1 (2022): 47–62. https://doi.org/10.33102/jmifr.v19i1.409.

Downloads

Published

2023-12-04

Issue

Section

Articles

How to Cite

Karimullah, S. S. (2023). EXPLORATION OF MAQASID AL-SHARIAH CONCEPTS IN THE DEVELOPMENT OF ISLAMIC ECONOMIC POLICIES. Mu’amalah: Jurnal Hukum Ekonomi Syariah, 2(2), 153-172. https://doi.org/10.32332/muamalah.v2i2.7747

Similar Articles

11-20 of 38

You may also start an advanced similarity search for this article.