Basic principles of sharia economy for community economic empowerment (study of the sharia principles application in Indonesia)

Authors

  • Rahadi Wasi Bintoro Universitas Jenderal Soedirman, Indonesia

DOI:

https://doi.org/10.21564/2414-990X.153.222847

Keywords:

sharia economy, community economic empowerment, Indonesia

Abstract

 

Islamic financial institutions tend to no longer apply profit and loss sharing but more to revenue sharing. On the other hand, the Sharia economy aims to empower people to fulfill human needs based on Islamic values to achieve happiness in the world and end. Therefore, the focus of this paper is the application of Sharia principles in the sharia economy. The research method to answer the legal issue is normative legal research that is analyzed qualitatively. Sharia financial institutions are still unable to escape from their existence as business institutions for the main purpose of profiting. This is certainly far from the spirit of empowerment of people in the sharia economy. Islamic financial institutions should not be separated from the core of the sharia economy, namely the empowerment of people. Therefore, Sharia financial institutions must utilize social corporate responsibility to achieve the objectives of community empowerment.

Author Biography

Rahadi Wasi Bintoro, Universitas Jenderal Soedirman

Lecturer, Faculty of Law

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Published

2021-06-16

How to Cite

Bintoro, R. W. (2021). Basic principles of sharia economy for community economic empowerment (study of the sharia principles application in Indonesia). Problems of Legality, (153), 199–213. https://doi.org/10.21564/2414-990X.153.222847

Issue

Section

INTERNATIONAL LAW