Basics of Islamic Economics and the Prohibition of Riba

Eyerci, Cem

doi:10.1007/978-3-030-78702-8_6

Cited by 2 publications

(1 citation statement)

References 21 publications

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“…Conceptually the Qur'an aspires to operationally by Sunnah (Eyerci, 2021) being a role model for the Muslim community to become Muhsin needs to be emphasized with the consistency of human attitudes and behaviour. The ability of human resources in the digital era to determine the direction of the global market so that it does not lead to unfair competition should not be dependent on technology platforms, but rather the patterns and attitudes of individual behaviour together with the global community need to be guided by universal teaching values (Rusydiana, Sanrego and Rahayu, 2021).…”

Section: Discussionmentioning

confidence: 99%

Oligopoly Market and Monopolistic Competition in the Digital Era: Shariah Economic Perspective

2023

QAS

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Imperfect competition markets, such as oligopolies and monopolies, are claimed to be unhealthy business activities because they contain elements of injustice, inequality, and imbalance that become irrational. In the current digital era, unhealthy competition is very possible to become big and profitable, although there are great opportunities for other newcomers to enter, due to lack of experience and human resources who are not necessarily competent and innovative, plus minimal capital, it is difficult to become competitors, let alone balance. As a result, concerns in the era of disruption with digital platforms regarding unfair competition through oligopolies and monopolies need to be watched out for. Shariah's economy that upholds the values of rationality, justice, equity, and balance rather than a free market is an important solution. Especially in the Industrial 4.0 era, which emphasizes the internet technology sector, it needs to be accompanied by the central role of human resources (Society 5.0), which upholds the four shariah economic values.

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Section: Discussionmentioning

confidence: 99%