Islamic Economics, Economy, Global crisis
The financial crisis lately become more common since the era of globalization. Countries are experiencing a crisis not only in Latin America, Asia, Europe, but also hit the United States. U.S. financial crisis spread to various countries including Indonesia. Almost all countries that apply the system of capitalism experienced a financial crisis.
One major reason is the advancement of the global crisis in the information technology wave of the crisis and accelerate enlarge its spread to other countries. Another reason is the rapid development of the financial sector. Edison et al (2002) explains that because the financial system is integrated, the domestic financial disruptions in one country can lead to a domino effect with other integrated way economic mess that led to the global financial turmoil.
Some literature suggests that financial instability can also be caused by the role of international capital flows through international transmission, such as the pattern of trade, exchange rate pressures and foreign investment that causes the contagious effects (Chongvilaivan 2010).
[...] Islamic Economics as a Solution to Strengthen Economy The financial crisis lately become more common since the era of globalization. Countries are experiencing a crisis not only in Latin America, Asia, Europe, but also hit the United States. U.S. financial crisis spread to various countries including Indonesia. Almost all countries that apply the system of capitalism experienced a financial crisis. One major reason is the advancement of the global crisis in the information technology wave of the crisis and accelerate enlarge its spread to other countries. [...]
[...] • How Islamic economic principles can provide a benefit to the economy? Destination Writing this paper aims to clarify understanding of the concept of Islamic economics, how the concept of Islamic economics to be the solution of economic problems, and how the principles of Islamic economics can profitable to the economy. Discussion Capitalist economic system, socialist and economic mix that developed by western thought indicates a failure in raising the dignity of many people, especially in developing countries. Shortage of every kind of economic system that led to the emergence of new thinking on Islamic economic system that developed in the country is predominantly Muslim. [...]
[...] Raz dkk dalam makalah yang berjudul Krisis Global dan Pertumbuhan Ekonomi yang dipresentasikan pada the 6th Annual Workshop Bulletin of Monetary Economics and Banking, Jakarta Amri Amir Guru besar Ekonomi Universitas Jambi Dalam makalah yang berjudul Sistem Ekonomi Syariah. Abubakar, L dan Djanuardi Implikasi Penerapan Prinsip Syariah Dalam Aktivitas Ekonomi Terhadap Pengembangan Huku Ekonomi. Universitas Padjajaran. Daud Vicary Abdullah dan Keon Resensi Buku Pintar Keuangan Syariah. http://www.analisadaily.com/news/50296/ekonomi-syariah-sebagai- solusi-krisis-global Fansuri Munawar Ekonomi Syariah, Perbankan Islam, Dan manajemen Pendidikan di Era Global. Jurnal pendidikan Agama Islam-Ta?lim Vol 10 No 2. Daud Vicary Abdullah dan Keon Resensi Buku Pintar Keuangan Syariah. [...]
[...] In the Islamic economic system must be known invested money invested in the business or any business. Such investments must be executed in the form of a lawful business not in the business as opposed to the Islamic syariah. Conventional economics tends to favor a particular party. Unlike the Islamic economy which tries to provide mutual benefit to all parties involved in the transaction. It can be seen from the fundamental prohibition imposed in Islamic economics, which is forbidden interest (riba), uncertainty and speculation (gambling). [...]
[...] Pillars of the principles held by the Islamic economic system can support and strengthen the economy. Islamic economic principles that no conventional economics is the key to success in the face of the global economic crisis. Bibliography Edison, H.J., Levine. R., Ricci, L., & Sløk, T. (2002). International financial integration and economic growth, National Bureau of Economic Research Working Paper Series, No Didalam Arisyi F. Raz dkk dalam makalah yang berjudul Krisis Global dan Pertumbuhan Ekonomi yang dipresentasikan pada the 6th Annual Workshop Bulletin of Monetary Economics and Banking, Jakarta Chongvilaivan, A. [...]
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