TUGAS SEJARAH PEMIKIRAN EKONOMI ISLAM

Dosen Pengampu : Dr. Ahmad Dahlan, M.S.I

Kelas : 4 Ekonomi Syariah B

 Anggota Kelompok 5 :

1. Nabiilah Lailatuz Z (1817201070)

2. Sagita Agus Lestari (1817201076)

3. Salsabila Mudzakir (1817201079)

4. Taufik Eka Ramadhan (1817201082)

THE HISTORY OF ISLAMIC ECONOMIC THOUGHT IN EUROPE (ENGLAND)

A. Islamic Entry History in England

In the 16th century until developing into the 18th century, Islam began to enter
England through immigrants from Yemen, Gujarat, and the Middle East. When the
Suez Canal opened in 1869, many Muslim migrants arrived and formed new
settlements in port cities in London, Liverpool and Newcastle. Over time, the
Muslim-dominated settlements educate mosques and conduct social activities both in
the community and universities in the UK. Islam, which also flourished on English
campuses, finally made the exchange of values and culture among English students.
Many students who come from Malaysia, Libya, Iran, Turkey, Saudi Arabia,
Palestine, and others are Muslim students. Most of them also contributed to the
propaganda of Islam there.
The process of accepting Islam was also accepted in the UK since the World
Islamic Festival began in April-June 1976. At that time the committee succeeded in
gathering various Islamic goods and culture from more than 30 successful Islamic
countries. There is also literature in Islamic history. The development of Islam in
England was very encouraging and certainly made Islam flourish there to other
European countries.
B. Islamic Development in Britain

In the islamic republic, Britain's flourishing religion is supported by its

opportunism in the Spanish transitioning of Toledo's islamic university to Britain.
Besides, England own Cambridge and Oxford universities. One of the most vibrant,
active figures in islamic knowledge, he changed his name to pekus al ponsi and he
became a doctor. The palace of king Henry i. islamic development was conducted on
each holiday, like bari's Saturdays and Sundays. Both to children and to devasites
research that, in the UK today there are 14,200 white converts, coming from the
bangers, gentlemen to celebiis. They flock together to preach (convert to Islam)
because they feel the grit of values in the west. In terms of suality. Muslims there
have found no significant difficulty in trying to implement their religion. This was
supported by British government policy that strictly freed all warganva to embrace
and live its religious teachings. By definition, every British citizen is not ast and
prohibited from embracing any religion.
Islamic growth on campus. On a campus in the U.K. where a lot of Muslim
religious and islamic organizations grew up on campus. Much of the role of
socializing Islam is through the dakwah movement and cultural campaigns that are
interesting to the British people about Islam, and much of England's native settlers are
interested in Islam, it’s between:
1. The islamic council of Europe functioned as Supervisory European culture.
2. The union of Moslem organization
3. The association of British moslems (British Muslim meeting)
4. Islamic fondation and the Moslem institute.
In the 16th to the 17th century, the power of the Muslim sea fleet dominated
the Mediterranean Sea. Muslim expansion has reached Istanbul As the center of the
Turkish empire usmani, aleppo is the most important route through silk roat, Beirut as
a vast port port alongside ships Europe. Jerusalem as a city of great interest to the
islamic pilgrims, Cairo as a commercial city and fez as a highly developed and
famous city at the time. When the Spanish fleet was viewed as a threat to Britain.
Queen Elizabeth in the middle of 1580 no Hesitating to ask sultan murad (Turkish
ruler usmani) Helping the British navy fight spanvol's people. Mbang with European
countries. Britain has allowed it to establish broad commercial relations with Muslim
 countries.1 The first convert to Islam whose name is survived in British literature
records like the voyage Made to tripoli (1583) was John nelson. He is the son of a
lower officer A member of the queen of England's guard.2

C. Peranan Ekonomi Syariah terhadap Sistem Perekonomian di Eropa

In the midst of the turmoil of the capitalist economy in European countries
which have been the basic of the financial system for centuries, Islamic economy
reform will be a ‘cure’ on the country economic sytem in the country. If the capitalist
sytem that enjoys the running of the market system is the person at the top, the
Islamic economy is more centered on the interests of the people, so that in this system
even small people can ‘play’ in the world of market economy. This greatly helped the
social crisis that occurred in European countries. No sector is immune to the global
financial crisis, but Islamic finance has shown extraordinary durability. Islamic
finance can withstand the credit crunch and recession better than other banks because
there is a ban on investment in risky assets.
One important solution that must be considered by goverments in the world in
economic recovery is the application of Islamic economics. Islamic economics has a
strong commitment to provety alleviation, upholding economic growth justice,
eliminating usury, and prohibing currency speculation so as to create economic
stability. Islamic economics which emphasizes justice, teaches a superior concept in
dealing with monetary turmoil compared to conventional system. This fact has been
recognized by many global economic experts, such as Rodney Shakespeare (united
kingdom), Volker Nienhaus (Germany), and so on.3
Some finance in Europe is characterized by the large number of Islamic
financial institutions and instruments that are growing rapidly in Europe, among
others :
1. Islamic Banking
Banks in Europe that are operationally based on sharia are 6 banks in the UK,
namely the Bank of London and the Middle East (BLME) with total assets of $

1
Nabil Matar, Islam in Britain 1558-1685 (Cambridge: Cambridge University Press 1998),
www.salam.co.uk
2
Syah Budi, “AKAR HISTORI DAN PERKEMBANGAN ISLAM DI INGGRIS”, dalam Jurnal TASAMUH Study
Islam, Vol.12, September 2018.
3
Perkembangan sistem ekonomi syariah di Eropa studi kasus di Inggris diakses dalam
http://tbahran.blogspot.com/2012/06/perkembangan-sistem-ekonomi-syariah-di.html pada tanggal 11 April 2020 pukul
09.45 WIB
 2,149 billion, Al-Rayyan Bank with total assets of $ 1,005 billion, Gatehouse
Bank with total assets of $ 0.409 Billion, Qatar Islamic Bank of the United
Kingdom (QIB UK) with total assets of $ 0.35 Billion, European Islamic
Investment Bank with total assets of $ 0.214 Billion, and Abu Dhabi Islamic Bank
United Kingdom (ADIB UK) with total assets of $ 0.146 Billion. The
conventional banks that open Islamic windows to serve Islamic financial products
are 16 banks, namely ABC International Bank, United Bank Expert, Bank of
Ireland, Barclays, BNP Paribas, Bristol & West, Citi group, Deutsche Bank, IBJ
International London, J Aron & Co., Lioyd's Banking Group, Royal Bank of
Scotland, Standard Chartered, United National Bank.
2. Sukuk
The sukuk market is an important part of the Islamic financial market and London
as the center of international bonds. England is the first western country to issue
Islamic bonds or sukuk. Sukuk are based on Ijarah contracts which are supported
by three assets of the British central government and are listed on the London
Stock Exchange (LSE) which introduces the Islamic index. This sukuk is in great
demand by the community with many requests and feelings of proof. The
allocation is made for various investors such as state wealth development funds,
central banks, and domestic and international financial institutions. LSE is a sukuk
issuance center, registered with LSE with a total value of $ 51 billion.
3. Takaful
In Europe, the United Kingdom is a pioneer in the development of Sharia
insurance, through HSBS’s Amanah, the UK aspires to be a leading sector, for the
development of Islamic insurance in Europe and other countries. International Co-
operative and Mutual Insurance Faderation (ICMIF), which brings together 150
people from 82 member organizations from 52 countries in the world. This
institution aims to advance and introduce the Islamic insurance system to various
countries. In the United States, Sharia insurance was first established in December
1996. Takaful USA Insurance Company, the first insurance in America was
established to accommodate at least 12 million Muslim residents in America.
The development of sharia insurance shows a positive response from the
European community towards the sharia based insurance system. This shows that
 Islamic insurance can be accepted and becomes an alternative for the insurance
system that survives so far.4

4
Luluk Wahyu R dan Wahyudi Bakri, “Tinjauan Empirik Perkembangan Sistem Ekonomi Syariah
di Eropa”, hal. 13-14.