Deconstructing A Scalable Islamic Economic Model

Authors

  • Nur Asiah
  • nida aqbila
  • nela aulinda
  • sakila hanum
  • lutfiyatun nissa

Abstract

This paper is entitled Deconstructing the Measurable Model of Islamic Economics. It aims to explain the deconstruction of a scalable Islamic economic model by formulating the following questions: First, What is the definition of economics? Second, What is meant by demand theory and supply theory? Third, What is meant by Islamic microeconomic theory? Fourth, How is the concept of profit sharing? And this paper uses a qualitative approach, because the data sources and research results in library research, inductive data analysis, grounded theory (towards the direction of theory building based on data). Islamic economics is a branch of social science in which it discusses human behavior in business activities carried out to meet their needs, as well as how a person manages and distributes some of the resources guided in Islamic teachings in an effort to create and obtain prosperity both in the world and in the hereafter. The economic problem itself is that in human life requires certain needs, and these needs have no limits but human needs sometimes cannot be met because the means of satisfaction in the form of goods or services needed are very limited. the concept of profit sharing in Islamic finance has the virtue of eliminating the burden of interest that will continue, reducing unprofitable gambling activities, and showing the capital used to open a business whether halal or not so that in this case it is very concerned about the moral concept.

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Published

2024-10-29

How to Cite

Asiah, N., aqbila, nida, aulinda, nela, hanum, sakila, & nissa, lutfiyatun. (2024). Deconstructing A Scalable Islamic Economic Model. International Conference on Islamic Economics (ICIE), 1(1), 703–708. Retrieved from https://proceeding.uingusdur.ac.id/index.php/icie/article/view/2448