Some reasons why Islamic
Economics needs to be applied, here they are:
1. Most of people in
Indonesia are Muslim. So, it’s proper to be applied.
By seeing the advantages of
Islamic Economics, so I recommend that Islamic Economics can be applied in
Indonesia well. Not only just the name, but the implementation of Islamic Law
applies as well.
(by: Mudawamah – 11220079)
Some reasons why Islamic
Economics needs to be applied, here they are:
1. Most of people in
Indonesia are Muslim. So, it’s proper to be applied.
2. Islamic Economics is
universal to be applied for all people even they are non-Muslim. It’s because
of Islam is “Rahmatal lil Alamin”. Islamic Law can be applied to all human.
3. Islamic Economics can
decrease the poverty in Indonesia. Why? In Islamic Economics there’s system
named “Mudharabah” is a special kind of partnership (a trustee profit sharing)
where one partner gives money to another for investing it in a commercial
enterprise. The profit-loss sharing ratio is agreed by all parties. So, someone
who doesn't have a capital to make a commercial enterprise can just still make
it by a capital given to him/her. By this system, someone can be helped to make
a job field and it certainly decreases the poverty.
4. There’s no interest,
fraud, mudharat, gambling, immoral, etc in Islamic Economics
5. Islamic Economics
prospers all of parties, include weak people.
6. Efficacy of Islamic
Economics and finance have been tested, as when the financial crisis in 1997,
Islam was the only business that still prevail, even able to generate operating
profits doubled, while that time many banks and other businesses had collapsed
and liquidated.
By seeing the advantages of
Islamic Economics, so I recommend that Islamic Economics can be applied in
Indonesia well. Not only just the name, but the implementation of Islamic Law
applies as well.
(by: Mudawamah – 11220079)
