Source of Emergent of Islamic Economic

Created By: Romi Adetio Setiawan

Student of BA (hons) Aligarh Muslim University, India.
Sources of Emergent of Islamic Economic

There are two factors led to the emergent of Islamic Economic in this Modern Era:
1. The background of religion, to hinder "Riba" and hold up the "sodaqah".
2. The emergent of surplus income from Oil Exporting Countries of the Middle East and the Islamic country which is led to the need of institution to keep their fund.

In Indonesia where the Muslim is the majority, the term of Islamic Economic has been prevailed since 1991, and it has a large response to the society. This system was implemented in the Banking system and other economic activities as well, such as Business Insurance, Multi-Level Marketing Business, and in a large scale of demand marketing.

With the begin of Jakarta Islamic Index, the investors will not face a complexity to invest their money in Islamic way, the system of Shari'ah has influenced many instances in Indonesia, meanwhile yet several people still misgiving in understanding the Islamic Shariah.

As far as the majority of population is concern in the Islamic country, it is necessary for the government to implement the Islamic Shariah wholly, and keep up on the existing in normalizing the economic of the country.

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Brief about me

Name: Romi Adetio Setiawan
Place of Birth: Bengkulu, Indonesia.
Date of Birth: December 17, 1983

Romi has recently completed his education from Aligarh Muslim University, India. And now a day is residing in Delhi, his inspiration to built the people know about Islamic economic throughout the world has immerged his endeavor to deliver the Islamic knowledge from every media and demonstrate that Islam is compatible with modern sciences and progress and the Holy Book was the source of true progress and civilization.
This second son from Ibrahim and Nur'aini has a capability to speak in four languages (Indonesia, English, Arabic and Urdu), and by his strong motivation to study he has been awarded a scholarship by the government of India to study Islamic studies for undergraduate course and completed his graduation in 2006. Romi is a kind of prestigious person in the term of academic; it could be proven by his performance is among the top ten of his classmate, his total mark is 74% out of 100%, considered as the first top student in his class.

Romi is also a nickname commonly use by his close friends has fond of sport, often jogging in the morning and presently active in the gym, the basketball is his favorite game, and Lebron James is his idol. Due to his physical strong he has traveled to certain places not only in Indonesia it self but also to the other country as well, in India he has visited the state of Himanchal Pradesh, Madya Pradesh, Uttar Pradesh, Northeast India and Delhi. And still he keeps on traveling, and having a lot of experience on. Despite of his favors Romi was never proud of himself and remained a humble servant of God Almighty and a most modest friend among human beings. "Desire for show and ostentation is a 'poisonous honey' extinguishing the spiritual liveliness of the heart ", is one of his golden sayings concerning humility.

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Objectives

It gives me immense pleasure to get close with blogger.com in providing the articles around the Economic of Islam, in which the circumstance of Islamic Economy now a day become a vital issue among the people in Muslim and Non-Muslim countries.

The system of Economic Shari’ah had grown enormously, this tremendous change in economic had become a burning topic to discuss among the youth in the learning circle. The enthusiastic of people to the economic shariah were described by their willingness in understanding this recent type of economy, many questions grew among the peoples to the use of economic shariah, and it impact upon the societies particularly in this era of globalization.

After the main power had shifted to Western, for about two hundred years the economic main power was based on capitalism and socialism, the basis of its ideology does not relevant to the religion and morality, all the issues related to the economic will be solved according to the economic’s law which is mostly irreligious.

Seeing from the mentioned phenomenon, the Islamic scholars trying to put the balance between economic acts and shari’ah, the main objective is to bring into play the main stream of Islamic law in economics, so that there would be no collapse among the economic acts, religion and morality.

The questions regarding the economic issues exploded in the countries of the world, the era of globalization and diversity of the people would be much felt with the growing economic in the whole parts or the world. To my viewpoint it is not enough to impose a single-track vision if we want to get ahead. It is important to see the outlook of the different society and economic in this era of globalization.

Through the transfer of knowledge which I have obtained and through the various discussion and suggestions which I would publish in this blog, the smell of Islamic Economy will be well-understood by the people, hopefully it would be much more advantage for the young researchers in finding their sources.

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