Islamic Economic Thought in the early time of Islam

The study of Islamic economic was done by many Muslim scholar in past century. But, this knowledge lost for several decades untill 19 century. Then, across the time, the Muslim countries have been adopting the west and east concept of economics. Otherwise, Both Capitalism and Socialism have been failed to solve economic problem in all aspects, it was occurred in 1923 (Grear Depression) and continued to other crisis. we have just realized to wake up again building the system of Islamic Economic in the 1950s. In instances, Maududi, Hasan Al banna, Sayyid Qutb, Baqir Sadr and other Muslim Scholars attempt to revive the Islamic economic system.

Nowadays, our students in the primary or senior high school or even in the university level, they don't know who is Ibn Khaldun, Abu Yusuf, Yahya Ibn Adam, Imam Ghazali, Abu Ubaid, Maqrizi, or other Muslim scholar from the past. Otherwise, such as Adam Smith, Keyness, Irfing Fisher and Samuelson are very well known among students. It is a big problem to our muslim heritage. As a Muslim, we should tell the truth to our Muslim society through education institutions, medias electronic and books published. This articles attempts to share the information about Islamic economic thought.

by

Rizal Ismail