Early Islamic Economics: A Review of the Practices and Policies of the Prophet Muhammad and Khulafaurrasyidin

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Published: 28-02-2025
DOI: https://doi.org/10.37274/mauriduna.v6i1.431
Keywords:
slamic Economics, policy, Prophet Muhammad, Khulafaurrasyidin

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Rosmah Rosmah
Universitas Islam Negeri Alauddin Makssar, Indonesia
Sirajuddin
Universitas Islam Negeri Alauddin Makssar, Indonesia
Sudirman
Universitas Islam Negeri Alauddin Makssar, Indonesia

Abstract

This article aims to trace Islamic economics during the time of the Prophet and Khulafaurrasyidin. Islamic economics is an economic system based on the values of Islamic teachings sourced from the Qur'an and Hadith. The Islamic Economic System aims to ground Islamic sharia in the financial system of a country in a kaffah manner and can prosper the community in general. The Prophet Muhammad as a role model for all mankind in various aspects of life has transformed the economic system to bring benefits to all humans. During his reign, the Prophet Muhammad served as the leader and messenger of Allah and then changed the State's economic and financial system by the provisions of the Qur'an and the Sunnah of the Prophet (saw). After the Prophet Saw died, his leadership was continued by his companions commonly called Khulafaurrasyidin there were four periods of leadership, namely, the leadership of Abu Bakr Ashidiq, Umar ibn Al-Khattab, Usman ibn Affan, and Ali ibn Abi Talib. Fiscal policy during the Khulafaurrasyidin period did not experience significant changes because the caliphs continued what had been pioneered and upheld by the Prophet (saw) in regulating the country's economy.

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Vol. 6 No. 1 (2025): Mauriduna : Journal of Islamic Studies, February 2025

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How to Cite

Early Islamic Economics: A Review of the Practices and Policies of the Prophet Muhammad and Khulafaurrasyidin. (2025). Mauriduna : Journal of Islamic Studies, 6(1), 90-102. https://doi.org/10.37274/mauriduna.v6i1.431

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