Islamic Economics
-
Abu Yusuf: The Pioneer of Islamic Economic Thought
Abu Yusuf, whose full name is Ya’qub bin Ibrahim bin Habib al-Anshari, was a distinguished scholar in the field of fiqh and a student of Abu Hanifah, the founder of the Hanafi school of thought. Born in Kufa in 113 AH/731 CE and passing away in Baghdad in 182 AH/798 CE, Abu Yusuf hailed from a family with Anshar lineage…
Read More » -
The Economic Policies of Umar bin Abdul Aziz
Umar bin Abdul Aziz, the eighth caliph of the Umayyad Dynasty, is widely recognized for his wisdom in managing the economy and governance. Although his reign was brief, from 717 to 720 CE, it became a key example of how just, Sharia-based economic policies can profoundly impact societal welfare. Umar bin Abdul Aziz is often seen as a prototype of…
Read More » -
How Abdul Malik bin Marwan Shaped Early Islamic Economic Policies?
Abdul Malik bin Marwan, one of the most significant caliphs of the Umayyad Dynasty (685-705 CE), is renowned for implementing extensive changes in political, social, and especially economic spheres. It was during his reign that early translation activities began, translating texts from Persia, and continued with expeditions to various countries under the governance of Khalid bin Yazid. His tenure was…
Read More » -
The Urgency of Studying Islamic Economic Thought
Studying the history of Islamic economic thought is more than just reminiscing about the past. By understanding how Muslim scholars once constructed robust economic systems, we can draw inspiration to develop a more effective Islamic economy today. History teaches us that Islam offers solutions to a wide range of economic problems, and we can leverage these to address contemporary economic…
Read More » -
The Legacy of Khadeejah: Sacrificing Wealth for the Prophet ﷺ
The sacrifice of Khadijah’s wealth for the sake of Prophet Muhammad ﷺ’s mission is an inspiring example of how a woman played a vital role in supporting Islam’s early struggles. As the first wife of the Prophet, Khadijah not only offered emotional support but also made tremendous financial sacrifices to help the Prophet spread the message of Islam. This article…
Read More » -
Importance of Financial Ratios for Investment
Financial ratios are crucial tools in assessing the financial health of a company, especially for investors. These ratios provide a clear picture of a company’s financial condition, enabling investors to make more informed decisions. By analyzing financial ratios, investors can identify a company’s performance, risks, and potential for profit. This article explains the significance of financial ratios for investment and…
Read More » -
Three Schools of Thought in Islamic Economics
Islamic economics has grown significantly, offering diverse perspectives on managing economic activities within the framework of Islamic principles. These perspectives are shaped by three primary schools of thought: Baqir al-Sadr’s Iqtishaduna School, Islamic Neo-Classical School, and the Critical Alternative School. Each of these schools presents a unique approach to integrating Sharia values with economic practice. 1. Baqir al-Sadr’s Iqtishaduna School…
Read More » -
Tawakkal in Islam: When Surrender Meets Hard Work
Tawakkul is a crucial concept in Islam, referring to the act of completely surrendering oneself to Allah Ta’ala after making the best possible effort. Tawakkul is often misunderstood as passive submission without any effort, but in Islam, it is about finding a balance between hard work and trust in Allah Ta’ala. This article explores the deeper meaning of tawakkul, its…
Read More » -
It’s Never Too Late to Learn Islamic Knowledge
Learning about religion, particularly Islam, is a lifelong journey, one that knows no age restrictions. Regardless of one’s age or background, gaining knowledge in Islam is not only essential for understanding life but also for drawing closer to Allah and achieving success in both this world and the hereafter. Many prominent scholars in the history of Islam started their quest…
Read More » -
Roles of Custodian Banks in Securities Crowdfunding
Securities crowdfunding (SCF) is a method of raising funds that allows small and medium-sized enterprises (SMEs) to receive financing from the general public through digital platforms. In this model, investors can provide capital to businesses or projects in exchange for equity or other financial instruments. Behind the scenes of SCF, custodian banks play a crucial role in ensuring the security,…
Read More »