CHAPTER I
PRELIMINARY
A. Background
The system is defined as an organization of various elements that are
interconnected with each other. These elements also influence each other, and
work together to achieve certain goals. With this kind of understanding, we
can say that an economic system is an organization consisting of parts that
work together to achieve economic goals.
Then what is called the Islamic economic system? In simple terms we can say,
Islamic economic systems are an economic system based on Islamic teachings
and values. The source of the whole value is of course the Qur'an, As-sunah,
Ijma and qiyas. The values of the Islamic economic system are an integral part
of the whole Islamic teachings that are perfect (Surat al-Maidah verse 3).
Because it is based on divine values, the Islamic economic system will
certainly be different from the capitalist economic system based on the
teachings of capitalism, and also different from the socialist economic system
based on the teachings of socialism.
B. Problem Formulation
1. What is meant by the basic principles of Islamic economics?
2. What is contained in economic characteristics?
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CHAPTER II
Discussion
A. Basic principles of Islamic economics
The development of the modern science of Islamic economics is still under
development. The problem is only because Islamic economics is abandoned
by the people for too long. Various governments in the Islamic world from the
colonial colonial era to the present always separate Islam from the world of
economics. Then if we refer to what Thomas Kuhn said, that each of these
systems has the core economic paradigm of Islam, of course, comes from the
Qur'an and the Sunnah. These two sources in any form cannot be paralleled by
the basic principles of two other economic systems, namely the capitalus or
socialist.
Islamic economics has the basic characteristics of Rabbani and human
economics. It is called Rabbani economy because it is full of divine direction
and values. Then Islamic economics is said to have a basis as a human
economy because this economic system is implemented and is shown for
human prosperity.
In its implementation, the Islamic economic system embodies economic
principles aimed at the welfare of humans. The principles of Islamic
economics are as follows:
1. Preventing Social Inequality
In Islamic economics it is preferred to provide assistance to other people in In Islamic economics, it is also ordered that commercial activities run in a fair
need. Although it still allows competition, this does not mean setting aside and balanced manner. That is, every time a transaction is made, the buyer and
concern for others and the environment. seller may not do things that can harm one another, such as cheating or lying.

2. Not Dependent on Fate or Luck

Everything related to gambling and relying on luck is prohibited in the Islamic
economy. The principle of Islamic economics refers to the clarity of
transactions and does not depend on unclear luck, even if it neglects hard
work and effort.
In general, Islamic values including in the economic field are summarized in
four principles, namely monotheism, balance, free will, and responsibility.
B. Characteristics of the Islamic Economic System

3. Finding and Managing Natural Property

From a brief explanation of the understanding of this economic system, we
In the economic principle of Islam, every human being is required to seek and
can know some of its characteristics. The characteristics of the Islamic
manage natural resources as well as possible. This includes maximizing
produce, cooperative relationships with others, and others. economic system are as follows:
1. There is an acknowledgment of individual rights, but is restricted so
4. Prohibiting Usury Practice
that there is no monopoly that is detrimental to the general public.
As mentioned above, Islamic economic systems forbid usury practices in
2. There is recognition of the rights of the Ummah or the public where
every economic activity because they were considered to be able to make
money borrowers miserable, especially those who were less able. the rights of the Ummah are preferred over other rights.
3. There is a belief that humans only hold the mandate of the
5. Make a Transaction Record Obviously
Almighty. All the abundance of property possessed by humans is from Allah
In Islamic economics, every transaction that occurs must be properly
the all-good.
recorded. This aims to prevent conflicts or problems in the future because of
the potential for negligence or forgetfulness.

6. Prioritizing Justice and Balance in Berniaga.

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 CHAPTER III
Cover

A. Conclusion
In this paper it can be concluded that Islam is the only perfect religion that
governs all the joints of human life and the universe. Human economic
activities are also regulated in Islam with the principle of illahiyah. The
treasure that is in us is actually not human property, but only a deposit from
Allah SWT to be utilized as well as possible for the benefit of mankind, which
ultimately will return to Allah SWT to be accounted for.
Islamic economics is the study of the economic behavior of humans
whose behavior is governed by the rules of Islam and is based on tauhid as
summarized in the pillars of faith and pillars of Islam.
Thus is the basic principle of the Islamic economic system. A system
that is divine-human, is open but at the same time selective. Islamic economic
systems also recognize tolerance, but Islamic economics knows no
compromise in upholding justice.

B. Suggestions
The author realizes that this paper is far from perfect. Therefore, the author
always welcomes guidance and direction as well as constructive suggestions
and criticisms to improve subsequent works.