Sejarah Pemikiran Ekonomi Islam | Mohamad Irsyad, Lc., M.E.

Introduction

This tutorial explores the history of Islamic economic thought as presented by Mohamad Irsyad, Lc., M.E. in the video from FEBI TV. Understanding this history is essential for grasping the principles and evolution of Islamic economics, which continues to influence contemporary economic practices.

Step 1: Understand the Foundations of Islamic Economics

• Definition: Islamic economics is a system based on the principles of Islamic law (Sharia) that governs economic activities, emphasizing justice and ethical practices.
• Key Principles:
  • Prohibition of Riba (usury)
  • Promotion of Zakat (charity)
  • Emphasis on risk-sharing and fairness in transactions
• Historical Context: Recognize that Islamic economic thought has roots in the Quran and Hadith, where ethical guidelines for trade and finance are established.

Step 2: Explore the Early Influences on Islamic Economic Thought

• Medieval Scholars: Familiarize yourself with key figures such as:
  • Ibn Khaldun: Known for his work on economic sociology and the role of the state in economic life.
  • Al-Ghazali: Emphasized the moral and ethical dimensions of economic activities.
• Economic Systems: Understand how early Islamic societies implemented economic systems influenced by trade, agriculture, and social welfare.

Step 3: Analyze the Development Through the Ages

• The Golden Age: Explore how Islamic scholars contributed to economics during the Islamic Golden Age, focusing on trade expansion and the establishment of financial institutions.
• Modern Influences: Examine how colonialism and globalization affected Islamic economic thought and practice in the 19th and 20th centuries.

Step 4: Review Contemporary Islamic Economic Theories

• Modern Economic Models: Study recent developments in Islamic finance, including:
  • Sukuk (Islamic bonds)
  • Islamic banking principles
• Key Institutions: Acknowledge the role of institutions like the Islamic Development Bank in promoting economic development aligned with Islamic values.

Step 5: Reflect on the Future of Islamic Economic Thought

• Current Trends: Investigate the growing interest in ethical finance and sustainable economic practices within the framework of Islamic economics.
• Global Impact: Consider how Islamic economic principles can contribute to global economic discussions, especially in areas like social justice and equitable development.

Conclusion

The history of Islamic economic thought is rich and complex, reflecting the interplay of ethical principles and economic practices. By understanding its foundations, historical development, and contemporary relevance, one can appreciate the unique contributions of Islamic economics to global economic discourse. To further explore this topic, consider reading foundational texts by prominent Islamic economists and engaging with current debates in the field.