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@article{ART002240974},
author={Kim Joong Kwan},
title={An Analysis on The Economic Principle and Norm in Islamic Thought},
journal={PHILOSOPHY·THOUGHT·CULTURE},
issn={1975-1621},
year={2017},
number={24},
pages={240-268},
doi={10.33639/ptc.2017..24.010}

TY - JOUR
AU - Kim Joong Kwan
TI - An Analysis on The Economic Principle and Norm in Islamic Thought
JO - PHILOSOPHY·THOUGHT·CULTURE
PY - 2017
VL - null
IS - 24
PB - Research Institute for East-West Thought
SP - 240
EP - 268
SN - 1975-1621
AB - Islamic economic idea has derived from the general concept in Shari'a (Islamic law). Islamic economic principle is based on a system that is assessed as a third system that cannot be capitalism nor socialism. The major paradigm of Islamic thought was introduced by the Prophet Muhammad 13 centuries ago, and the ideas were enforced as Islamic regulations. Basic idea of Islamic economics can refer to the application of Islamic law to modern economic activity. It can be adapted to production, consumption, and investment with modern business formulation. This paper studies an economic system as well as norm, a major role played by the state in such matters as circulation and equitable distribution of wealth and ensuring participants in the marketplace to be rewarded by being exposed to risk or liability. The paradigm of necessity is more limited than general capitalistic market where the state does not follow Islamic law in Islamic society.
KW - Islamic Thought;Economic Principle;Norm System;Shari'a;Halal
DO - 10.33639/ptc.2017..24.010
ER -

Kim Joong Kwan. (2017). An Analysis on The Economic Principle and Norm in Islamic Thought. PHILOSOPHY·THOUGHT·CULTURE, 24, 240-268.

Kim Joong Kwan. 2017, "An Analysis on The Economic Principle and Norm in Islamic Thought", PHILOSOPHY·THOUGHT·CULTURE, no.24, pp.240-268. Available from: doi:10.33639/ptc.2017..24.010

Kim Joong Kwan "An Analysis on The Economic Principle and Norm in Islamic Thought" PHILOSOPHY·THOUGHT·CULTURE 24 pp.240-268 (2017) : 240.

Kim Joong Kwan. An Analysis on The Economic Principle and Norm in Islamic Thought. 2017; 24 : 240-268. Available from: doi:10.33639/ptc.2017..24.010

Kim Joong Kwan. "An Analysis on The Economic Principle and Norm in Islamic Thought" PHILOSOPHY·THOUGHT·CULTURE no.24(2017) : 240-268.doi: 10.33639/ptc.2017..24.010

Kim Joong Kwan. An Analysis on The Economic Principle and Norm in Islamic Thought. PHILOSOPHY·THOUGHT·CULTURE, 24, 240-268. doi: 10.33639/ptc.2017..24.010

Kim Joong Kwan. An Analysis on The Economic Principle and Norm in Islamic Thought. PHILOSOPHY·THOUGHT·CULTURE. 2017; 24 240-268. doi: 10.33639/ptc.2017..24.010

Kim Joong Kwan. An Analysis on The Economic Principle and Norm in Islamic Thought. 2017; 24 : 240-268. Available from: doi:10.33639/ptc.2017..24.010

Kim Joong Kwan. "An Analysis on The Economic Principle and Norm in Islamic Thought" PHILOSOPHY·THOUGHT·CULTURE no.24(2017) : 240-268.doi: 10.33639/ptc.2017..24.010