Maqasid al-Shariah: Foundation for Sustainable Sharia Economic Development

Abstract

Introduction: Sustainable development in Islamic economics requires a solid foundation to ensure alignment between Islamic principles and global economic dynamics. Maqāṣid al-Sharīʿah, as the fundamental objectives of Islamic law, provides a relevant framework for developing a Sharia-based economy that focuses not only on material profit but also on social welfare and justice. This study examines how maqāṣid al-sharīʿah can serve as a strong foundation for the sustainable development of Sharia economics.

Methods: Using a qualitative approach, this research analyzes the concept of maqāṣid al-sharīʿah in relation to Islamic economics. The analysis focuses on the integration of maqāṣid al-sharīʿah principles in Sharia economic practices, emphasizing social justice, welfare, and sustainable development.

Results: The study finds that maqāṣid al-sharīʿah offers clear guidance in the development of a just and sustainable Sharia economy, prioritizing public interest, social welfare, and long-term economic sustainability. Although challenges remain in implementing these principles within the modern global economic system, maqāṣid al-sharīʿah remains relevant as a foundation for developing sustainable Sharia economics.

Discussion: The research discusses how maqāṣid al-sharīʿah can serve as the foundation for Islamic economic policies, ensuring that the economy does not solely pursue profit but also creates social welfare and sustainability in the long run. Tensions between Islamic economic principles and conventional economic systems require adaptation and innovation in their application.

Conclusion: This study emphasizes the importance of integrating maqāṣid al-sharīʿah in the development of sustainable Sharia economics. Understanding and implementing the objectives of maqāṣid al-sharīʿah in the context of Islamic economics is crucial for creating a fair, sustainable, and inclusive economic system.

Novelty: This research provides new insights into how maqāṣid al-sharīʿah can be applied in the context of Sharia economics to support sustainable development and how these principles can guide future economic policies.