Abstract
This working paper intended to identify and analyse
Keywords: ThoughtMaqasid al-syariahMainstream Islamic economics
Introduction
Problem Statement
In line with its development, there have been diverse streams and tendencies in the knowledge of
Research Questions
The question is whether this line of thought applies the
Purpose of the Study
Based on the emerging problems, this study is conducted with respect to two major objectives. First, it is to identify the thinking of
Research Methods
The discussion in this paper work uses a content-analysis method with regard to secondary data. The mentioned secondary sources refer to the previous studies and works. For instance, this includes theses, journals, and write-ups related to the thinking of
Findings
Definition Operational
Maqasid Al-Syariah Thought
The term of thought refers to an act of thinking or thinking of. The act of thinking means contemplating, remembering, or reflecting on a subject matter, whereas thinking of implies a definition of using one’s common sense to solve, consider, or reflect on something; or remember something; or prioritize or place a high value of something; observe, and acknowledge something (Kamus, 2003; Kamus, 2005).
Laming (2006) defined thought as a tool possessed by human who have the very will to think. It is an instrument for mankind to use with its nature such as doing good deed, being knowledgeable and expert which are named as ‘the outcome of thoughts’. In the context of this study, the definition of thought applied is the one delivered by Diah (1987) who stated that a thought is determined by The Holy Quran and Hadith. In other words, a way of thinking based on al-Quran and Hadith will be guided in all aspects of life, for instance,
Apart from that, the phrase
Meanwhile, the word
Through the combination of
The Mainstream Islamic Economics
Based on the researcher’s observation, there were quite a few definitions of Islamic economy recorded by Islamic economic scholars. One of them was Mannan (1989) who said that the Islamic economy is the knowledge of social science which investigates the economic problems within the society by upholding the Islamic values and principles (Maulidizen, 2017). Khan (1994) mentioned Islamic economy as a branch of knowledge which research on the mankind’s achievement of
Next, Ahmad (1992) defined Islamic economy as a systematic effort to comprehend economic problems and human’s behaviour in their relationship with those problems from an Islamic perspective. From a deeper point of view, this definition uttered by Ahmad (1992) was similar to the one stated by Mannan (1989). Meanwhile, Hasan (1990), Hasan and Ahmad (2005) and Ahmad (2017) believed that Islamic economy is the knowledge with regard to the investigation of human’s activities which are in line with Islamic
Furthermore, Hasaduzzaman (1984) added another definition of the Islamic economy. He said that the knowledge of economy is the knowledge, applications, and principles of syariah to avoid injustice in discovering and revealing resources for human’s satisfaction so that they would be capable of accomplishing their obligations to Allah SWT as well as the society.
On top of that, Chapra (2001) viewed Islamic economy as a branch of knowledge which helps to realize mankind’s well-being through the allocation and division of limited resources based on the teaching in Islam without abandoning individual freedom or causing the imbalance of macro economy and ecology. This definition is found to be the same with the definition pointed out by Hasan (1990) with Hasan and Ahmad (2005). In other words, Islamic economy is the knowledge which provides a clear guidance for human’s well-being with accordance to Islamic laws. Thus, the definition of mainstream Islamic economics in this paperwork would be focusing on the definition suggested by Hasaduzzaman (1984).
With regard to all definitions stated by the scholars, it can be concluded that mainstream Islamic economics in this paperwork operationally refers to a combination of Islamic economy and western economy. The stream of thought in Islamic economy applies the concept from western and perception which is fit it with
The Concept of Maqasid Al-Syariah
In fact, the reason behind the obligation of
On a clearer note, Tahir (2009) stated that
According to al-Syatibiy (t.t), Islamic
Maqasid Al-Syariah Thought in Mainstream Islamics Economics
Siddiqi (2001) became aware that in order to build a developed Islamic economy, it is a compulsory to critically analyse the basic principles in common economy. Chapra and him voiced out the same opinion that
Yet, Siddiqi (2004) argues that the effort to use
Analysis of Maqasid Al-Syariah Thought in Mainstream Islamics Economics
Based on the previous discussion, it is apparent that
Chapra (2001) and Ahmed (2002) believed that Islamic economy may apply the theories of common economy as long as it is not against
One of the theories of Islamic economy which uses the theories of common economy is research methodological method. In this particular case, Salleh (2008) pointed out three crucial reasons why an Islamic research method needs to be established. First, common research method is not suitable to be applied in investigating an issue related to Islam. This is due to Islamic worldview
This muddle happens due to a disorganisation among the upholders of the stream of accommodative-modification and eclectic-methodological thought with regard to the differences of the level of philosophy and the level of Islamic economy. At the level of philosophy, the components which make up the framework of Islamic economy are
Besides, Hanapi (2014, 2017) investigated Islamic economy through the
In interacting with
Conclusion
Based on the overall discussions above,
Acknowledgments
This paper is part of the research findings entitled “
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Ahmad*, N., & Hanapi, M. S. (2019). Maqasid Al-Syariah Thought In Mainstream Islamic Economics. In N. S. Mat Akhir, J. Sulong, M. A. Wan Harun, S. Muhammad, A. L. Wei Lin, N. F. Low Abdullah, & M. Pourya Asl (Eds.), Role(s) and Relevance of Humanities for Sustainable Development, vol 68. European Proceedings of Social and Behavioural Sciences (pp. 287-296). Future Academy. https://doi.org/10.15405/epsbs.2019.09.31