AN ISLAMIC ECONOMICS AS A PILLAR OF CIVILIZATION: EXPLORING SOLUTIONS TO MODERN GLOBAL ECONOMIC CHALLENGES

Nanda Ega Rupita; Adnan  Azzaki

doi:10.55352/g5wqxv69

Authors

Nanda Ega Rupita Universitas Islam Negeri Sultan Syarif Kasim Riau, Indonesia
Adnan Azzaki Universitas Islam Negeri Sultan Syarif Kasim Riau, Indonesia

DOI:

https://doi.org/10.55352/g5wqxv69

Keywords:

Ekonomi keislaman, Pilar Peradaban, Tantangan Ekonomi

Abstract

Islamic economics has played a crucial role in supporting classical Islamic civilization, particularly during the Abbasid Caliphate and Andalusia. Based on principles of justice, equality, and sustainability, Islamic economics integrates material and spiritual aspects in economic management. Instruments such as zakat, waqf, and the prohibition of riba have proven effective in promoting fair wealth redistribution, social stability, and sustainable development.This study aims to examine the relevance of Islamic economic principles in addressing modern global economic challenges, such as social inequality, financial crises, and environmental degradation. Using a literature review with a descriptive approach, this study analyzes how zakat, waqf, and the prohibition of riba can provide solutions to these issues. The findings show that zakat and waqf play a significant role in reducing social inequality and supporting sustainable development, while the prohibition of riba helps ensure economic stability by avoiding speculation. The study concludes that the application of Islamic economic principles can provide solutions for building a more just and sustainable civilization in the modern era.

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