Islamic political economy and sustainable social development policies: an analytical study

In the contemporary economic societies, the world is witnessing a vibrant transformation from vague economy to an economic reality; the emergence of the Islamic economic system has been in trial for almost five decades. The current achievements of Islamic banking and finance industry were believed t...

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Main Authors: Adam Sa'ad, Auwal, Syed Jaafar Alhabshi, Syed Musa, Kassim, Salina
Format: Proceeding Paper
Language:English
Published: 2019
Subjects:
Online Access:http://irep.iium.edu.my/76848/
http://irep.iium.edu.my/76848/1/76848%20-%20Islamic%20Political%20Economy.pdf
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author Adam Sa'ad, Auwal
Syed Jaafar Alhabshi, Syed Musa
Kassim, Salina
author_facet Adam Sa'ad, Auwal
Syed Jaafar Alhabshi, Syed Musa
Kassim, Salina
author_sort Adam Sa'ad, Auwal
building IIUM Repository
collection Online Access
description In the contemporary economic societies, the world is witnessing a vibrant transformation from vague economy to an economic reality; the emergence of the Islamic economic system has been in trial for almost five decades. The current achievements of Islamic banking and finance industry were believed to have realized through the accelerated efforts of governments across the globe and their enthusiasm and compassion towards the development of Islamic Financial industry. It was argued that the Islamic economic system has all the potentials to becoming the world prevailing system due its reliance on justice, fairness, socio-economic reality and sustainable development. This might be achieved through the realization of the Islamic social policies and its possible implementations across the globe. The Islamic political economy has all in need to sharpen the socio-economic development of the contemporary societies towards a sustainable economic development around the world and has the strong mechanisms for social support and achievements. the prophetic exercise showcases the idea of sustainability by addressing the economic issue with the least possible option and prioritizes public relieve in the event of critical situation. Likewise, the prophetic policy in dealing with the situation in khaibar where the prophet divides the land into two and asked the people of khaibar to work on one part indicates the idea of sustainable agricultural produce in the nation, where Muslims learned the agricultural skills from their counterpart in khaibar, this is to make sure that the agricultural sustainability is achieved. The paper also addresses some key policies introduced by Umar bin Khattab and other significant policies introduced by Muslims leaders for a sustainable social-economic development.
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format Proceeding Paper
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institution International Islamic University Malaysia
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language English
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spelling iium-768482019-12-06T09:00:51Z http://irep.iium.edu.my/76848/ Islamic political economy and sustainable social development policies: an analytical study Adam Sa'ad, Auwal Syed Jaafar Alhabshi, Syed Musa Kassim, Salina HG3368 Islamic Banking and Finance JC49 Islam and Politics In the contemporary economic societies, the world is witnessing a vibrant transformation from vague economy to an economic reality; the emergence of the Islamic economic system has been in trial for almost five decades. The current achievements of Islamic banking and finance industry were believed to have realized through the accelerated efforts of governments across the globe and their enthusiasm and compassion towards the development of Islamic Financial industry. It was argued that the Islamic economic system has all the potentials to becoming the world prevailing system due its reliance on justice, fairness, socio-economic reality and sustainable development. This might be achieved through the realization of the Islamic social policies and its possible implementations across the globe. The Islamic political economy has all in need to sharpen the socio-economic development of the contemporary societies towards a sustainable economic development around the world and has the strong mechanisms for social support and achievements. the prophetic exercise showcases the idea of sustainability by addressing the economic issue with the least possible option and prioritizes public relieve in the event of critical situation. Likewise, the prophetic policy in dealing with the situation in khaibar where the prophet divides the land into two and asked the people of khaibar to work on one part indicates the idea of sustainable agricultural produce in the nation, where Muslims learned the agricultural skills from their counterpart in khaibar, this is to make sure that the agricultural sustainability is achieved. The paper also addresses some key policies introduced by Umar bin Khattab and other significant policies introduced by Muslims leaders for a sustainable social-economic development. 2019-12-05 Proceeding Paper PeerReviewed application/pdf en http://irep.iium.edu.my/76848/1/76848%20-%20Islamic%20Political%20Economy.pdf Adam Sa'ad, Auwal and Syed Jaafar Alhabshi, Syed Musa and Kassim, Salina (2019) Islamic political economy and sustainable social development policies: an analytical study. In: 7th ASEAN Universities International Conference on Islamic Finance UNIDA Indonesia, 3-5 December, 2019, Indonesia. (Unpublished)
spellingShingle HG3368 Islamic Banking and Finance
JC49 Islam and Politics
Adam Sa'ad, Auwal
Syed Jaafar Alhabshi, Syed Musa
Kassim, Salina
Islamic political economy and sustainable social development policies: an analytical study
title Islamic political economy and sustainable social development policies: an analytical study
title_full Islamic political economy and sustainable social development policies: an analytical study
title_fullStr Islamic political economy and sustainable social development policies: an analytical study
title_full_unstemmed Islamic political economy and sustainable social development policies: an analytical study
title_short Islamic political economy and sustainable social development policies: an analytical study
title_sort islamic political economy and sustainable social development policies: an analytical study
topic HG3368 Islamic Banking and Finance
JC49 Islam and Politics
url http://irep.iium.edu.my/76848/
http://irep.iium.edu.my/76848/1/76848%20-%20Islamic%20Political%20Economy.pdf